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Dec 4, 2015

Cost of Local Sugar to Increase in January

The price of white sugar on the domestic market will increase from fifty cents per pound in January 2016. A Statutory Instrument was signed today setting the maximum price to seventy five cents effective News Year’s Day; the increase does not extend to brown sugar.  This came about in light of the low prices being paid to farmers by A.S.R./B.S.I. for the 2015 sugar crop. In turn, cane farmers passed a resolution asking government to approve an increase since prices in the domestic market have remained unchanged for about a decade. The C.E.O. in the Ministry of Agriculture Jose Alpuche explains.

 

Via Phone: Jose Alpuche, C.E.O., Ministry of Agriculture

Via Phone: Jose Alpuche

“The statutory instrument to increase the price of sugar was signed today by Minister Contreras who is the minister responsible for supplies control. That increase will take the domestic price of plantation white sugar to a maximum retail price of seventy five cents. Cabinet had decided to forgo the increase on brown sugar so brown sugar price will remain the same. Now that increase takes effect on the first of January. It becomes effective so that the price can be included in the estimated price for farmers now. But the actual price does not take effect until the first of January, 2016.  This should give them just over four dollars per ton for cane. That is what will translate to the farmers. So it does have material results of them. But really and truly being done by government because the last increase was done in 2001 and as we all know the price for refined sugar in the neighboring countries is far higher than that.”

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2 Responses for “Cost of Local Sugar to Increase in January”

  1. Ricky Malthus says:

    So what’s the price of tea in China or the price of sugar in Guatemala, Honduras, and all of C.A. and S.A.? What a stupid, spurious argument to offer to increase price of sugar in Belize. Where do
    we get these intellectual dunces to manage anything in Belize. Mr. Alpuche should be advocating for the elimination of the BSI/ASR monopoly which has shifted their expenses to the Belizean public while increasing their bottom line ( profits ). When are you fricking TURDS going to realize you have been had by the government and BSI/ASR ????

  2. Belizean@ heart says:

    well the people wanted it so,and uno voted for the ‘BEST IS YET TO COME” now here we have it and yes not the best but the worst is about to come…keep voting UDP…dean barrow knew this was coming and he and the crony martinez from BSI/ASR JUST DIDN’t TELL THE CAnefarmers that they would gona recieve the lowest price in cane and that the Belizeans will pay also fi it…thanks for voting UDP foolsssssssss.

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