-annual target cut from 100,000 tonnes to 70,000 tonnes
The sugar industry is estimated to have contracted by 60.4 percent in the first half of this year, with production of 6,739 tonnes of sugar reported by the Guyana Sugar Corporation (GuySuCo) and the projected annual production has been slashed from 100,000 tonnes to 70,000 tonnes.
This was reported in the Mid Year Report released by the Ministry of Finance yesterday.