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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."
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Title Annotation:JAMAICA
Publication:Caribbean Update
Date:Jun 1, 2007
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