By Shamar Blunt
Authorities declared Wednesday it’s shifting to remodel the over 300-year-old sugar business from being closely backed to a strong financial driver constructed on sustainability.
Minister of Agriculture Indar Weir made the declaration as a brand new Chinese language-made sugarcane harvester was handed over to the ministry.
In short remarks, Weir thanked makers Zoomlion, who relies out of the Hunan Province, and the Chinese language Embassy for making the donation doable. He mentioned that the sugar business was within the midst of a restructuring that may see it develop significantly to the good thing about all Barbadians.
He mentioned: “The sugar business in Barbados can now not go on as a bulk producer of sugar that’s exported at substantial losses to the BAMC (Barbados Agricultural Administration Firm Ltd). To that extent, the federal government is shifting to transition the business, from one among bulk sugar manufacturing to a price chain business.
“Due to this fact going ahead, the business will now not be producing bulk sugar for export, however has already began the method of transformation, by producing sugar for home consumption, and sugar export for direct consumption within the worldwide markets.”
Barbados additionally intends to extensively broaden its manufacturing capabilities into sugar cane by-products equivalent to molasses in addition to fertilizers for farmers, he added.
Weir declared: “Our focus can also be, on the manufacturing of molasses for the rum business in Barbados, in addition to ensuring we make the most of the alternatives which are out there in renewable power.
“The by-products of the manufacturing facility may even be used to provide fertilizers, giving the business for the primary time in its historical past, the chance for worth chain growth, proper via your entire worth chain system.”
A brand new authorities entity, BESCO (Barbados Power and Sugar Firm) has already been greenlit to take cost of the sugar cane business, with the purpose of giving Barbadians the flexibility to put money into the business by changing into shareholders, mentioned the farm minister.
Chinese language Ambassador Yan Xiusheng mentioned that the reward of the harvester was a step in a rising partnership between the 2 nations in help of the brand new progress anticipated within the sugar cane business.
Yan mentioned: “The donation from Zoomlion to Barbados, [occurred] at a really opportune time, which marks the start of our cooperation within the subject of agriculture.
“[With this] signing of the [agreement] of agricultural merchandise between Hunan and the Ministry of Agriculture and Meals Safety of Barbados, the cooperation of our sides will certainly enter into a brand new period of growth.” (SB)