Caribbean sugar, ethanol industries analyzed

Coha has published an excellent analysis of the Caribbean sugar market, including comparisons between the 7-cent per pound production cost in Brazil, compared to  178 cents per pound in Guyana and as high as 40 cents per pound in Jamaica. The high prices and inability to compete, says the Coha report, drove the Jamaican market to develop ethanol as a substitute market for sugar. The report cites the attributes of sugarcane, lower water intensity than other feedstocks such as corn, and the favorable tax status of the Caribbean Trade Initiative.

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