Chief Executive Officer (CEO) of the Guyana Sugar Corporation (GuySuCo) Sasenarine Singh has assured Guyanese that there is enough sugar to supply the local demand.
The CEO’s statement comes after there have been reports suggesting that there may be a sugar shortage.
According to Singh, the weekly demand for sugar is just about 4,000 bags of sugar and GuySuCo is able to meet this target.
“We are not misleading the people, yes they were some gaps but the reality is we have enough bag sugar in our bond to supply this country, we have not misled this country,” Singh told MTV News Update.
When asked what the gaps were, Singh said that there have been reports of wholesalers smuggling the sugars purchased from GuySuCo to other countries without supplying the local small shops with this essential commodity.
“What we are trying to do is to make sure we weed out the hustler who’s diverting the sugar. I know one wholesaler who has close to 200 bags of sugar in his bond and he is selling it at astronomical prices, he is out we are not dealing with him right now. So we are basically focusing on the Guyanese people.”
But he said that as an emergency measure, his marketing team has been distributing the sugar personally to small shops, but assured wholesalers that once production exceeds demand they will be able to start repurchasing sugar.
In the meantime, Singh has assured the public that the Uitvlugt, Blairmont and Albion estates will commence grinding cane for the second crop to keep sugar production blooming.
