Opposition parties A Partnership for National Unity (APNU) and the Alliance for Change (AFC) are unlikely to vote in favour of budget measures for the Guyana Sugar Corporation (GuySuCo) given the continued dismal production and in the absence of a comprehensive turnaround strategy.
Sugar for 2013 hit a 22-year low, with GuySuCo producing just 186,000 tonnes, falling short of the European Union quota.
Following peak production in 2004 of over 300,000 tonnes, the output of the corporation gradually began to decline over the years. The corporation has been revisiting its yearly targets downwards every single year and at every budget presentation for the past five years the Minister of Finance has an assessment of the