GuySuCo spending much to meet modest target

The Guyana Sugar Corporation is spending millions to save face and meet its 2014 production target of 219,000 tonnes of sugar, a figure which is low compared to its original projection and output in good years.

GuySuCo has produced just over 214,000 tonnes of sugar to date as grinding at the eight estates gradually closes. Sources within the industry have stated that the heavily indebted state-owned corporation will press on until the annual target is made even though traditionally,