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Dec 8, 2004

Funds sought to improve sugar efficiency

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Cabinet has also approved a proposal to seek funding to increase efficiency and productivity in the sugar industry. The ten million dollar project would establish a core-sampling unit, which would be paid for through deductions from cane payments by BSI to farmers. The goal of the project is to increase yields from seventeen to twenty-five tons per acre, produce three hundred acres of improved cane seed and rehabilitate three thousand three hundred acres of cane fields. The proposal also entails linking payments to cane quality. According to the release, the loan funding is being sought on the most concessionary terms possible.

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