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Ja safe from decline in sugar price globally, but ...

2015-04-22 11:23:07| Food - Topix.net

WHILE THE sharp decline in sugar price on the world stage is now creating anxiety among several African, Caribbean and Pacific states, Jamaica is being spared from the jitters, thanks to its lucrative three-year deal with the British refiner Tate & Lyle, which will be in place until the end of the year. "The price in Europe has been declining for the past two years, but, fortunately, we negotiated a three-year supply deal, so Jamaica is not affected presently, but this could change as this year is the last of our arrangement," Karl James, general manager of Jamaica Cane Products Sales , told The Gleaner from Guyana yesterday.

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