Permanent Secretary in the Ministry of Agriculture and Fisheries, Donovan Stanberry is seeking to allay fears that the local sugar industry is on the verge of collapse.
His comment comes on the heels of a statement today from the group of African, Caribbean and Pacific States, in relation to concerns about sugar exports to Europe.
The group, which includes Jamaica, says its deeply concerned with the sharp decline in the price of sugar in the EU market.
The ACP says this is the direct consequence of the imminent abolition of EU sugar production quotas, to which it has objected strongly.
If the abolition materializes, then a cap will be placed on the volume of sugar exported from the ACP group into the EU.
But Mr. Stanberry says there’s no need to fear.
Mr. Stanberry says Jamaica will have to contend with an uncertainty about the price of sugar next year.
Donovan Stanberry Permanent Secretary in the Ministry of Agriculture.