Headlines:
| $1.1bil in sugar earnings |
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| Monday, 16 November 2009 | |
 Despite a disappointing
2008/2009 Sugar Crop, Jamaica will see a big jump in
export earnings from the sector. The Crop, which ended in August, saw 125,000 tonnes of sugar being produced. Karl James, General Manager of Jamaica Cane Products Sales, says while the performance of the industry was less than expected producers stand to benefit from improved prices for their supplies. "From all indications, it has been the best price paid for sugar ever ... paid out 46,424 tonnes worth of sugar and we paid out $8,696 a tonne for molasses so that, from last week to tomorrow, the industry would have put in into circulation an additional $1.1 billion from the earning o sugar," he said. |