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Jul 18, 2014

B.S.C.F.A. to meet on Sunday to discuss B.S.I. proposal on bagasse prices

Alfredo Ortega

The Belize Sugar Cane Farmers Association is meeting on Sunday at the Escuela Secundaria Mexico school grounds to discuss, among other issues, a position on a recent counterproposal made by Belize Sugar Industries on a payment for bagasse.  In its initial offer, the B.S.C.F.A. was seeking a payment of ten dollars per ton of cane.  That formula would amount to eleven point four million dollars, a figure which B.S.I. says is ninety-seven percent of gross revenues from Belize Electricity Ltd.  B.S.I. says it is prepared to a little over half a million dollars in one year for bagasse. Today, we spoke by phone with Vice Chairman Alfredo Ortega, of the Committee of Management of B.S.C.F.A.

 

Via Phone: Alfredo Ortega, Vice Chairman, Committee of Management, B.S.C.F.A.

“The situation is that it is too little based on the information that we have gathered on the price of bagasse, in the region and around the world.  So to us the amount that they are presenting then, that they can pay is little but as I said before, they have not come out with their audited figures so in our regards we are not, at this point then, I won’t say that we are not accepting because that would depend on what the farmers accept in Sunday’s meeting.  But really for us it’s too little for the amount of electricity they are selling to the national grid.”

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