How sweet it is: the explosive growth of global sugar

Last week I concluded a rather extended assessment of the downside risks and upside potentials and opportunities facing the Guyana economy over the near-to-medium term, which I have roughly equated as being up to 2014. As long ago as last year I had indicated that, in view of the widespread media coverage at the time, the next topic I would address in my column is the sugar industry and by extension aspects of the performance of Guyana’s agricultural sector.

In order to advance the debate from where it has reached thus far, I shall begin today’s contribution with drawing attention to two crucial features of Guyana’s sugar industry. One of these is that from its very inception and up to today the industry has been principally export oriented and therefore firmly located and intertwined in the workings of the international market for sugar and other sweeteners. From this circumstance it…..
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