Chief Executive Officer of the Private Sector Organization of Jamaica, PSOJ, Dennis Chung, says it may be time to liquidate the Long Pond and Monymusk sugar factories and break the country’s centuries old link with the sugar industry.
This in light of government’s move to assume control of the operations of both factories, due to the financial woes facing their owners.
The government says it’s in advanced talks to take temporary charge of the Everglades Farms owned Long Pond sugar factory in Trelawny and the Monymusk factory in Clarendon.
Monymusk is owned by Pan Caribbean Sugar.
Agriculture Minister, Karl Samuda, says thousands of workers will lose their jobs if the government does not intervene at least until the sugar crop is reaped at both facilities.
But Mr. Chung says now may be the time for the government to say goodbye to sugar.
Jamaica Labour Party caretaker North Trelawny, Dennis Meadows, is calling on the government to develop a sustainable solution for the long term viability of the Long Pond Sugar Factory in the parish.
Mr. Meadows is responding to a recent government plan to take over operations of the factory for the next three months to reap the current cane crop.
The factory which had been divested to the Hussey family owned Everglades Farms, closed its doors earlier this year due to operational costs.
Mr. Meadows says the government must assist Everglades Farms in diversifying its revenue stream in the best interest of the parish and the industry.