New Sugar Prices on World Market Favor Belizean Farmers

There’s a new price regime for sugar on the international market that is favorable to cane farmers in the sugar industry. This morning, Prime Minister John Briceño told reporters that the price of sugar on the external market has improved and that things are looking up for cañeros in the north.

John Briceño

John Briceño, Prime Minister

“There’s a new cane price.  The price has improved.  As we know, the price on the world market has improved, has gone up and that, by extension, goes, I think it’s somewhere around fifty-seven or fifty-nine; I don’t have the exact number.  I got the letter just yesterday, but yes, the price has gone up and things are looking good for our farmers and I hope that we can continue going in that upward trend.”