What does the future hold for the start of the 2024-2025 Sugar Crop?

On Wednesday, we heard from the Director of Finance, Shawn Chavarria, on a record high second payment for sugarcane farmers. At the end of the 2023, 2024 season just over one million tons of sugarcane was delivered to the mill from which one hundred and two thousand tons of sugar were produced. But what does the future hold for the start of the 2024, 2025 season given the less-than-ideal start to the last season? That question was posed to Chavarria. Here is what he had to say.

 

Shawn Chavarria, Director of Finance, ASR/ BSI

“I think the probability for a smooth start for the coming 2024-2025 crop is looking more favorable. The agreement signed with the B.S.C.F.A. in January was for two crops, not just one. So, there is a better chance that there will be a smoother start this year, weather permitting. I think more you will see a challenge for the 2025-2026 crop if an agreement is not reached with the B.S.C.F.A. But, I think for this upcoming crop, it is looking more favorable that we should be able to have a smooth start without any interruptions, providing the weather is cooperating.”