Best Sugar cane prices for farmers - production at its lowest Print E-mail
( 0 Votes )
Written by Administrator   
Thursday, 04 August 2011 00:00

Over the past couple of weeks cane farmers in Corozal and Orange Walk have been receiving their third payment for sugarcane delivered to the factory and the payments are at the best prices in decades. The average payment for sugar cane delivered is .28. Corozal farmers were paid on average .02 while Orange Walk farmers received .54.

In the second payment farmers received on average $68.54. The highest price paid was to the San Narciso Branch receiving $71.36. The lowest was paid to the Libertad/Research branch which received $64.63.
While the figures show that farmers have received far better payment for the cane delivered, there was far less sugar cane milled this year over last year. Last year 1,122,000 tons of cane was ground while this year there was a sharp downturn with only 87,200 tons being milled.

The better prices given to farmers was largely attributed to a better harvesting, loading and delivery system put in place after the government agreed to lend BSI 10 million dollars to get the crop going this year. That translated to other benefits which included less sugarcane needed for the production of sugar. Last year it took 12.52 tons of cane to produce a ton of sugar. This year that figure dipped significantly with only 8.7 tons of cane used to produce a ton of sugar.