5,000 small producers at risk due to falling sugar prices on the local market

The oversupply of sugar and price competition in the local market brought down sugar prices, currently at Bs.110-120 ($15.96 – $17.41) per quintal. This situation has put at least 5,000 small sugarcane growers in Santa Cruz at risk of disappearing and losing their patrimony. Sugarcane producers have proposed the Government to allow 30% of this year’s production to be exported in order to alleviate the situation.

Source: El Deber