Fall in the price of sugar puts the future of 5,000 cane growers at risk

At least 5,000 small sugarcane growers in Santa Cruz at risk of disappearing and losing their patrimony, land, agricultural machinery and other material goods seized, as collateral, in entities of the financial system. Till September, 72% of the harvest advanced. Over-supply and price competition in the local market have caused the values to fall between 110 and 120 Bs per quintal ($15.78 – $17.21). The sector proposes to the government to export 30% of the processed sugar production in 2020 and to comply with the agreed commitments to purchase ethanol through the state-owned YPFB.

Source: El Deber