Corozal House Of Culture Hosts Annual Ancient Week

The annual Ancient World symposium held at the Corozal House of Culture has featured special present...

PUP Leader Says Barrow Administration Must Answer For Sanctuary Bay Scandal

Last week Prime Minister Dean Barrow made active attempts to keep the full extent of the Sanctuary B...

PUP Says Sanctuary Bay Scam Is Too Huge To Ignore

Today more documents in relation to the scheme which the U.S. says defrauded Americans of over $100 ...

Major Bank Considering Exiting Belie, Says Briceno

One of serious revelations by the Opposition leader in today’s press conference is that the financia...

New Facebook Aging App Can Cause Security Breaches

If you have recently been on social media, chances are you might have come across the newest viral t...

  • Corozal House Of Culture Hosts Annual Ancient Week

    Wednesday, 17 July 2019 02:46
  • PUP Leader Says Barrow Administration Must Answer For Sanctuary Bay Scandal

    Friday, 19 July 2019 02:20
  • PUP Says Sanctuary Bay Scam Is Too Huge To Ignore

    Friday, 19 July 2019 02:25
  • Major Bank Considering Exiting Belie, Says Briceno

    Friday, 19 July 2019 02:35
  • New Facebook Aging App Can Cause Security Breaches

    Friday, 19 July 2019 02:37

noimageThe release of white sugar in the local market by the multinational Spanish company, Santander, has thrown the local sugar industry into a frenzy. Since we broke the news of the presence of Santander sugar on the local market a few weeks ago, the concern for local producers has only intensified as the industry now anticipates a decision from the EPZ committee whether Santander will be given a waiver to source thirty percent of all local consumption. Last week the three associations issued a joint letter to the committee asking that a waiver not be granted to Santander based on the negative financial impacts it would cause to the already struggling local sugar industry.

 


But while the largest cane farmers association BSCFA has been the most vocal, on Friday the Corozal Sugar Cane Producers Association (CSCPA) also spoke on the ongoing situation. In a release issued, the association reiterates the industry’s position, that Santander should not be granted the waiver to source sugar locally and further calls on the EPZ committee not to approve the request.

 


The CSCPA goes on to reject Santander’s position stated in their release dated May 30th in regard to not being fully aware and appraised with European Sugar markets and challenges which would have negatively impacted the rejoin stating and we quote “it is regrettable that we have reached this juncture and for Santander Ltd. Perhaps not mindful that the sugar markets internationally was indeed volatile and that it would not be feasible in Belize for two mills supplying the very small and limited local market” end quote

In ending their release the CSCPA calls on GOB to redress the situation now caused due to the violation of the country’s laws and standards by Santander when they released their sugar into the local market with the proper waivers to do so.

Share this post

This content has been locked. You can no longer post any comment.