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Home Letters

GuySuCo Made Over US$200M More in Revenue from 2016 – 2020 than from 2021-2025

Admin by Admin
May 15, 2025
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Dear Editor,  

On May 8, 2025, the Stabroek News published an article titled ‘GuySuCo serves up another dismal  performance in first crop’. The article stated that ‘The Guyana Sugar Corporation’s (GuySuCo) 2025  production to date shows total output of less than 15,000 tonnes sources say, less than half of its projection’.  This means that the projected target for the first crop of 2025 was about 30,000 tonnes of sugar from four estates – Albion, Rose Hall, Blairmont and Uitvlugt. Editor, 15,000 tonnes of sugar for a whole first crop is  ridiculous by any standard for GuySuCo. 

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The article further indicated that ‘The figures will pile pressure on the government [to] defend huge  subventions to the industry which are not translating into higher and more efficient production’. Indeed, I  would like for the government to explain to the Guyanese people, where is all the money budgeted for  GuySuCo is going? Albion estate used to produce 20,000 tonnes and Blairmont 15,000 tonnes of sugar in  the first crop alone. So far, for 2025, the first crop for four estates is 15,000 tonnes. The government has to  be more accountable for how it is using the resources of the country. 

GuySuCo made over US$200M more in revenue from 2016 – 2020 than from 2021-2025. Sugar is not  produced with politics but rather with good management. How does the PPP/C government justify firing a  management at GuySuCo in 2020, that produced 183,615 tonnes in 2016 , 137,298 tonnes in 2017, 104,641 tonnes in 2018, 90,246 tonnes in 2019 89,000 tonnes in 2020 and had a target of 143, 000 tonnes of sugar  for 2021/2022; and replaced them with management that produced 58,995 tonnes in 2021, 58,025 tonnes  in 2022, 60,204 tonnes in 2023, 47,130 in 2024 and now 15,000 tonnes so far, for the first crop of 2025 

(See table below). 

Year Sugar Production (Tonnes  of sugar)
APNU+AFC Management 
2016 183,615
2017 137,298
2018 104,641
2019 90,246
2020 89,000
PPP/C Management 
2021 58,995
2022 58,025
2023 60,204
2024 47,130
So far, for the first crop of 2025 15,000

 

Even in the height of the COVID-19 pandemic with all the restrictions, GuySuCo produced 89,000 tonnes  of sugar in 2020. The government came into office in 2020 with a lot of pomp and ceremony about  transforming the sugar industry. It is incredible that Paul Chung, the current Chief Executive of GuySuCo  was a former Chairman of the Private Sector Commission; now he is supposed to be a business czar, how  is it even he cannot produce more sugar that what the previous ‘lowly’, yet more experienced, professional 

and knowledgeable managers of GuySuCo under the APNU+AFC government. The underperformance of  sugar production is one aspect of the business but the tremendous loss in revenue as a foreign exchange  earner is another matter. I would not even venture to write about the loss of markets at this point. 

Under the APNU+AFC government, GuySuCo had a future. While four estates were closed, Wales, East  Demerara, Rose Hall and Skeldon, the company continued to operate three estates, Uitvlugt, Blairmont and  Albion. The plan was to produce 143,000 tonnes of sugar per year by 2021/2022. The canes were to be  grown by GuySuCo and cane farmers. Additionally, the three operating estates would have produced and  supplied the local, regional and international markets with brown sugar. However, the Caribbean region  imports over 200,000 tonnes of white sugar annually and GuySuCo was planning to produce about 50,000  tons of white sugar and was engaging with another sugar production company in the region that has the  capacity to produce white sugar also. This would have required remodeling one or two of the estates to  produce brown and white sugar. The company would have continued producing other products, such as  molasses. Another new economic activity was sugar tourism, the then management developed a ‘Cultural  Heritage (Sugar) Tourism Strategy’ and product, as a new business line.  

The PPP/C government will come and tell the people of this country during this year’s elections campaign  that the sugar industry produced poorly in 2021, 2022, 2023, 2024 and 2025 because the APNU+AFC  government closed sugar estates during the reorganization of the sugar industry. However, the question  must be asked, how is it that despite the reorganization process, the industry still produced two to three times more sugar from 2016 to 2020, earned over US$200M more and with less resources? 

Sincerely, 

Citizen Audreyanna Thomas  

 

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