Government will inject $4 billion into sugar this year since although there was an increase in production last year output continues to lag in comparison to projections and industry finances are being negatively affected.
Sugar production grew by 7.1% to 236 506 tonnes in 2011, Minister of Finance, Dr. Ashni Singh told the National Assembly as he presented the 2012 budget yesterday. “Notwithstanding the increase in production achieved by the industry and the fact that the 2011 output represents the highest level of sugar production since 2008,
