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Jul 18, 2014

Vice Chairman Alfredo Ortega comments on bagasse formula

Alfredo Ortega

According to Ortega, they have requested to see BELCOGEN’s books in order to come up with a practical formula but that request has fallen on deaf ears.


Isani Cayetano

“B.S.I. is saying that your request or demand for ten dollars per ton of cane is unreasonable and is not sustainable over a long term period. What is your response to that seeing as though what they have come up with is an amount of eleven point four million per annum based on last year’s intake?”


Via Phone: Alfredo Ortega, Vice Chairman, Committee of Management, B.S.C.F.A. “Well you see those are the things that we have been asking from them, but we need their audit reports so that we can see that to verify the numbers. Those are things that they are telling us and they are sending us based on their own word of mouth. And I believe that in any negotiations to be fair on both sides and that we can go to the farmers and speak to the farmers the truth that this is what they are presenting to us. The only way that we can do that is having the audit report from BELCOGEN. But in the absence of that, then we work with the information we have and there is where we come up with our figure.”


The B.S.C.F.A. meets on Sunday and News Five will continue to follow this developing story.

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