Sugar Industry

Belize Sugar Industries

Belize Sugar IndustrySugarcane is cultivated in the northern districts of Orange Walk and Corozal by over 5, 300 cane farmers on approximately 23, 100 to 26, 300 hectares of land. Both the Orange Walk and Corozal Cane Farmers Association supply the Belize Sugar Industries Limited (BSI), the sole processor of sugar in Belize, with sugarcane.

Recently, the Sugarcane industry has begun making preparations to deal with potential challenges that may arise in 2017 as a result of the loss of the guarantee market agreement with the European Union.
Source: Channel 7 News

Production

Taking into account the late start of Sugarcane production attributed to heavy rate, the industry deliveries for the 2013/2014 harvest rose by 10.8% to 1, 194, 932 long tons. The growth in Sugarcane reflected a notable improvement in the factory's average daily grinding rate from 5, 989 long tons in the previous crop year to 7, 198 long tons.
The average price received for sugar edged up marginally, the average price per long ton of sugarcane paid to farmers fell by 9.0% to $67.52 as a result of a higher cane/sugar ratio and reduced cane purity. However, the significant growth in sugarcane deliveries was largely offset by a decline in cane purity that resulted in 8.2% deterioration in the cane/sugar ratio, as excessive rains during the latter part of the growing cycle reduced the sucrose content of the 2013/2014 crop to 11.8%, as compared to 12.8% in the previous crop year.
Important to note is that sugar exports benefitted from a predisposed Euro/ US dollar exchange rate, a quality premium received on European sales and, to a lesser degree, a resumption of regional sales after a six-year hiatus. The majority of sales were to the European market with the US market being bypassed for the second consecutive year. A portion of the sugar production totaling 2, 955 was sold in the regional market and Canada, respectively. While the volume exported was up by just 2.2%, revenues vaulted upward by 10.8% to $118.8mn, as the depreciation of the US dollar relative to the Euro resulted in an 8.4% increase in the average unit price.

Source: www.belize.org
RELATED VIDEO
COGENERATION in BELIZE Diversifying the Sugar Cane
COGENERATION in BELIZE Diversifying the Sugar Cane ...
Belize Sugar Industries
Belize Sugar Industries
Latest on Belize Sugar Industries BSI crisis
Latest on Belize Sugar Industries BSI crisis
RELATED FACTS
Share this Post

Related posts

Radio Belize online

Radio Belize online

SEPTEMBER 22, 2017

Listen to top Belize Music, Talk, Sports and News on your android device. Easy to use app with instant Track Info and share…

Read More
Placencia Belize long term Rentals

Placencia Belize long term Rentals

SEPTEMBER 22, 2017

$1, 750 USD month - 2016 ALL UTILITIES INCLUSIVE *Available APRIL - MAY - JUNE 2016 *LocationLocationlocation: 8th Avenue…

Read More