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Samuda looks to CARICOM markets to help sugar industry

Published:Friday | April 15, 2016 | 4:25 PM
Samuda ... one Jamaican sugar company has already started to export to the CARICOM region.

 Agriculture Minister Karl Samuda says the ministry is looking to sell sugar to CARICOM countries, as the government prepares to rescue the island's sugar industry.

He says this will be one of the strategies to diversify the local industry and secure its survival.  

According to Samuda, one Jamaican sugar company has already started to export to the CARICOM region.

The minister says he will discuss the matter of selling Jamaican sugar to CARICOM territories with Caribbean leaders when he travels to Guyana next week for the regional meeting of the Ministerial Council for Trade and Economic Development (COTED).

Samuda says the Government has no intention of re-entering the sugar industry but says his Ministry is committed to finding solutions to several challenges currently facing the local sugar industry. 

Samuda made the announcement earlier this week at a media briefing at the Agriculture Ministry.

Earlier this week, the Cabinet agreed to an intervention strategy for the Long Sugar Pond factory in Trelawny and the Monymusk factory in Clarendon.

The government said the intervention is aimed at protecting the domestic economy and small and medium-sized cane farmers.