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Nov 13, 2015

Agriculture C.E.O. Says EU Sugar Price is Beyond Their Control

Jose Alpuche

In the sugar belt, cane farmers are extremely concerned about the first estimate which they are expected to receive per ton of sugar cane in the 2015/2016 crop. That price is being determined by the European Union which is the main export market for sugar from Belize. The estimated price of thirty-five dollars per ton is less than half of what farmers received per ton for the last crop. C.E.O. in the Ministry of Agriculture Jose Alpuche says that it is a situation over which they have very little control, but they are monitoring it closely.

 

Jose Alpuche, C.E.O., Ministry of Agriculture

“Last week Friday B.S.I. gave out a rather low price indeed, but they have been dialoguing with the associations separately. We just received a copy of a letter from the B.S.C.F.A. appealing to B.S.I. to take measures to improve the prices. At the moment it’s being dealt with at the commercial level between the farmers and the factory, and we’re giving that time to mature, for that discussion to mature. However the very high prices over the last few years had more to do with global demand, and that is now waning, so now we had expected that we would see a reduction in the price of sugar at this point in time. It is something we’re monitoring very closely. The SICB will meet probably next week after the round of discussions between the millers and the farmers are completed.”

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1 Response for “Agriculture C.E.O. Says EU Sugar Price is Beyond Their Control”

  1. seriousman says:

    Let me tell you all of this is a carefully crafted plan.
    1.) They have debilitated not the big cane farmers but the small ones by dividing the farmers in three associations.
    2.) The price will be driven down to suffocate small farmers and tame over their production/quota.
    3.) The industry will be driven by cane farmers with wealth and the factory.

    It’s all a complete setup. Big cane farmers and the factory are still investing and planting thousands of new acres of sugarcane. Do you think that if they knew the prices would go down 30,40 and up to 50% they would be investing?

    Sugar prices around the world are at record high. Its a commodity and there is a demand for it.

    “Don’t let them fool you!” – Bob Marley

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