Guyana: GuySoCo CEO denies sugar shortage

Sasenarine Singh, chief executive of the Guyana Sugar Corporation (GuySoCo), says there is no shortage of sugar.

He raised concerns about a sugar shortage during his visit to the Uitvlugt estate yesterday.

In a video interview posted on the Guyana Sugar Corporation’s Facebook page, Singh said GuySoCo has no shortage of bagged sugar (i.e. 100-pound bagged sugar).

“What GuySoCo lacks is packaged sugar. You can only package sugar when we are grinding and in production.”

Singh said they had not ground cane sugar since late May 2022.

“We set aside some stock but a lot of it was sold on the local market and unfortunately we got wind that some of our sugar was smuggled to a foreign country via the backtrack. So we had to take control of that.

He said Guyanese sugar had to go to Guyanese first.

“Guyanese supermarkets, Guyanese bakers, Guyanese manufacturing companies. We are even starting to sell to small stores.

Pointing to a building behind him with grinding noises, he said the noise was the production of 2,000 bags of sugar.

He added: “To the gossip mongers trying to pedal, we don’t have sugar; we don’t have packaged sugar, but packaged sugar will be back on the market within two weeks. We guarantee it.

Singh said GuySoCo has bagged sugar they could supply the market with.

Rachel J. Bradford