Minister Open to Commission of Inquiry into Sugar Industry

Minister Open to Commission of Inquiry into Sugar Industry

Minister of Agriculture, Abelardo Mai, has stated that he is open to the option of activating a commission of inquiry into the sugar industry.  His announcement came on the heels of BSI/ASR’s upset over the new regulations that will make it mandatory for them to disclose certain aspects of their business including commercial exports of sugar.  According to Minister Mai, a commission of inquiry may be just what the industry needs at this point.

A Statutory Instrument was taken to the House of Representatives on Friday, making it a requirement for BSI/ASR to disclose the quantities of sugar marketed, the amount of certified sugar contracted and marketed, as well as disclosure on any premiums or benefits due to certified producers as a result of the volumes of sugar cane produced and delivered.  BSI/ASR has since described the new regulations as being, ‘retrograde, unnecessary, burdensome and discriminatory.’  They noted that they are considering challenging the validity of the changes.

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