Guyana and the Wider World

Guysuco’s Key Challenges – I

Introduction Before considering options for the way forward in the sugar industry, I shall first examine challenges posed by its underperformance as revealed in the behaviour of the standard performance measures since the 1990s as well as last week’s analysis of Guysuco’s predicament.

Turning the spotlight on GuySuCo’s losses

Introduction   When evaluating Guysuco’s profitability and/or losses as a performance indicator the conclusion reached was that the corporation has been “mired in a sea of losses and indebtedness since the 2000s.”

GuySuCo: Mired in a sea of losses and bailouts

From a dynamic perspective, over the medium to long-term the profitability of the sugar industry as a whole, and GuySuCo in particular, is more than any other variable, the best representative indicator of its sustainability as a commercial venture.

Guyana’s Sugar Industry: Six Key Performance Indicators

Indicators Despite the unavailability of detailed audited GuySuCo accounts after 2009, in the coming weeks I shall focus on six performance indicators (production, costs, profitability, land productivity, factory productivity, and combined (land and factory) productivity) in assessing the sugar industry since 1990.

Guyana: Export markets for sugar

I had earlier cautioned readers to be sceptical of the widely held view that the European Community’s (EC) denunciation of the Sugar Protocol (SP) in 2009 was “the final nail in the coffin of Guyana and the rest of Caricom’s sugar industry.” 

Guyana’s sugar: Its industrial life cycle and collapse

Introduction   As testimony to the present dire state of Guyana’s sugar industry and its continued importance to the socioeconomic, political, and cultural life of the country, last week I began a third series of columns on this topic in the space of only three years.

The Guyana sugar industry: The point of no return

Tipping point Alarmed at the crisis state of the sugar industry in 2011, I devoted more than a score of Sunday columns in that year (May 29 to October 16) to its discussion and drew attention to the crying need for radical reform and restructuring.

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