Despite the many problems affecting the island’s sugar industry, Minister of Industry, Commerce, Agriculture and Fisheries Karl Samuda says it is expected to contribute US$80 million (J$10.24 billion) in earnings to the economy this year.
He made the disclosure during his address at the Jamaica Stock Exchange’s (JSE) 12th Regional Investment & Capital Market Conference at The Jamaica Pegasus hotel last Wednesday (Jan. 26).
The minister, in underscoring the importance of the sugar industry to Jamaica’s economy, noted that the sector continues to be a major employer, accounting for some 50,000 jobs.
He said sugar cane is one of the most resilient and consistent crops if grown under perfect conditions and managed properly.
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