There will be changes within the sugar industry come next year,
Wholesale NHL Jerseys, as President Bharrat Jagdeo intends to effect a shake-up in the sector, to achieve increased production.President Bharrat Jagdeo yesterday during a press conference at State House.Yesterday, during a press conference at State House,
Cheap China Jerseys, the President said that, while he knows that there were some unforeseen circumstances that led to the decrease in production, he is also aware that there are significant management issues at the Guyana Sugar Corporation.While management has some issues, the Head of State pointed out, workers also have to bear some responsibility for the decrease in production.“I see the union complaining about annual production incentives. When you target 315,000 tonnes and you achieve 225,000 tonnes, then, clearly, how can you make a case for production incentives and argue that you are not getting an additional day?”Like the workers, the President said,
Cheap NFL Jerseys, the Union also has to bear some responsibility.He added that for the industry to be saved would require collaborative efforts by the management, union, Government and opposition.“We knew that there were going to be difficulties…we knew that the European Union was going to cut the sugar prices by 36 percent, and those cuts have already started. So we knew it was going to be more difficult in the coming years, and unless they want to close the industry — and I don’t hear anyone suggesting that — then we would have to face tough times before we get better, as we accommodate these cuts and their substantial cuts.”The Head of State noted that while the industry will be affected by the EU price cuts, at the same time, the industry cannot survive if the production continues to fall.“This is a major problem and it is receiving attention at the highest level. Next year, we are going to be focusing on some changes, but it’s a joint effort…it’s not Government alone expressing the desire to save the industry.”He added that the industry has to brace itself for difficult times for the next three to four years, until it is completely diversified.Meanwhile, Guysuco is currently seeking to borrow some $3B from the International Bank to cover full financing for the entire next year.The company has, for several years now, been borrowing money from an International Bank at the beginning of the first crop to cover crop financing,
Wholesale Air Max, which it repays from its own self-generated cash before the end of each year.However, one of the banks from which Guysuco has been borrowing money has since closed its doors.Yesterday, President Jagdeo said that he is not very worried about this fact, since the sugar company can seek financing from other lending institutions.The Corporation has had a very poor year for a variety of reasons,
Wholesale Authentic Jerseys, including inclement weather conditions, high absenteeism, declining productivity, loss of skills to migration, and the delay in commissioning of the new Skeldon factory.These factors have led to the lowest production level for many years.But even as Guysuco seeks to get itself a bailout for 2009, there are still problems at the new Skeldon factory.The sugar crop is now over, but the problems at the factory are yet to be resolved.An independent examination into the low productivity of GuySuCo’s East Demerara Sugar Estates has concluded with the need for urgent major rehabilitation of the infrastructure on the estates.There is also need for greater management presence in the fields.The review examined land preparation, sugar cane agronomy,
Deion Sanders Falcons Jersey, use of field machines and equipment, cane transport, use of fertilizers, and maintenance of field infrastructure.This year will be a very tough year for GuySuCo, which will end the year with a deficit of in excess of $3B. (Tusika Martin)