2018/2019 Sugar Cane Crop Opens While World Sugar Prices Continue Declining

2018/2019 Sugar Cane Crop Opens While World Sugar Prices Continue Declining

November 12, 2019 Off By Admin

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The mills at the A.S.R./B.S.I. factory at Tower Hill cranked up this morning to give way to the 2018-2018 sugar cane crop. Production is expected to be in the range of one hundred and forty thousand metric tons for the export market where there is already a surplus of sugar. The millers last year invested more than twenty million dollars to mitigate the impact of the drop in prices. They want to increase production of Direction Consumption Sugar and enter new markets which are posing new challenges. Given the circumstances, there is nervousness among cane farmers who find themselves at a difficult juncture. News Five’s Hipolito Novelo reports.