Renewed interest in privatization of sugar.
Minister of Agriculture and Lands Roger Clarke said that, with the
surge of interest in ethanol, there has been a renewed interest in the
privatization of the local sugar industry, reports JIS (April 23, 2007).
This, he noted, was brought about by the recent policy by the US to
reduce dependence on foreign oil imports. "Jamaica's access to
the US market for this product under the Caribbean Basin Initiative has
put us in a very advantageous position," he said, adding that the
Ministry has formulated the privatization framework. "Whether the
investors will do ethanol or a combination of ethanol and sugar, the
future is bright and sweet for the industry," he said. "The
bottom line is whether ethanol or sugar we need to produce much more
sugarcane, through expanded acre-ages and increased productivity."