Honduras: Sugar Producers want Legal Certainty
The sugar industry has asked the government for transparent policies in order to promote investment in bio-fuel production.
Thursday, March 10, 2011
The issue of expropriations in Bajo Aguán and the slow process of analysis by Congress regarding Decree 18-2008 on delinquent land, are some of the issues concerning investors.
Campos de Pesé has indefinitely suspended the production and marketing of ethanol because the price set by the government for the biofuel does not even cover the cost of acquiring sugar cane.
Honduran Sugar producers are confident that the harvest which will start at the end of November will exceed 11 million quintals of sugar produced in 2012.
It has been announced that the planned investments in sugar establishments to build power plants based on bagasse have been halted because lack of legal certainty.
The sugar millers have announced the entry of new investments to expand the supply of energy generated by bagasse.
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