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Sugar has not passed its point of no return

2014-03-20 06:51:14| Sugar Industry News

Even after GuySuCo\'s worst showing in over two decades, I cannot subscribe to the opinion that sugar has passed its point of no return as argued quite skilfully by Professor Clive Thomas. The sugar industry reached an important bottom in 2013 but that bottom could be a false bottom proving Thomas correct. But I am intimately aware of the talent in the sugar belt and I know with some serious managerial and policy changes in 2014, we could make the right turn for the better. I was heartened that GuySuCo was able to produce some 18,000 tonnes of sugar over the last two weeks and that is the kind of performance that can easily roll out production levels of 225,000 tonnes in 2014, which are critically needed to stabilize the cash flow situation in the industry.

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