The Guyana Sugar Cor-poration (GuySuCo) is operating at a loss of $16,705 per tonne of sugar produced and the time has come to consider whether the industry can exist without remaining a national liability, according to former industry insider Tony Vieira.
GuySuCo has been unable to meet its targeted production over the past few years and after a review of the corporation’s five-year Strategic Plan (2013-17), Vieira has concluded that GuySuCo is operating at a loss of $16,705 per tonne of sugar produced.
He compared GuySuCo’s wages to other industries such as
