Sugar Revenues Decline in Guyana

• The local sugar industry reportedly raked in US$27.1Mn in 2018, a 44.1% reduction from what was reported in 2017.
• The out-turn was attributed to a 28.0% decline in the volume of sugar exported and a decline in the average export price.
• The average export price for sugar declined by 22.4% to US$348.4 per metric tonne, compared to the US$449.2 per metric tonne it was being sold at in 2017.

 (Source: Guyana Chronicle