Summary
These things were pointed out to the Government, which unfortunately thought it more prudent to shoot the messenger rather than absorb the reality. And, in clinging vainly to the hope that they could still, contrary to the facts, strike a deal with Infinity, Mr [Golding]'s negotiators lost valuable time that placed Jamaica's current sugar harvest in jeopardy. And, for the sake of politics, the Government imposed an unnecessary burden on taxpayers.
Obviously, the Government cannot, over the longer term, continue to carry the sugar industry; certainly not with the erosion of the country's preferential market in the European Union. If the sector is to be viable though, it will rest on something akin to the sugar/ethanol mix that was being pursued with the bungled divestment effort. We would suggest bringing rum into the mix and, possibly, refined sugar, which is hovering in the background, but has again been placed fully on the agenda by Mr Golding. The move to build equity into Jamaican rum brands offers exciting prospects, which will grow with the inevitable economic recovery.See the full content of this document
Extract
Reopen Sugar Bid
THE GOVERNMENT'S botched and, ultimately, failed effort at selling the Sugar Company of Jamaica (SCJ) has to be among the most inexpertly and ineptly handled negotiation ev...
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