Santo Domingo. - The Dominican Sugar Institute (Inazucar) today announced the import of 60,000 tons of sugar to deal with the shortage in the local market spurred by a higher demand in Haiti in the wake of the January 12 quake.
Inazucar director Faustino Jiménez said of that total, 32,000 tons is brown sugar imported from Brazil, Honduras and Guatemala.
“The shortage in the local market in the last few weeks is definitively resolved," he said, adding that starting this week sugar prices should stabilize at 16 pesos (0.44 dollars) per pound for brown and from 18 to 19 pesos (between 0.5 and 0.52 dollars) for refined.
“These prices will have to fall once the imported sugar runs out because the tendency in the world market is for its prices to decline," Jiménez said in the statement published in Inazúcar’s Web site.
From: Dominican Republic, No Spin Zone
I hope it is real brown sugar and not that phony stuff we usually have available
Written by: xwill7, 24 Mar 2010 11:15 AM
From: United States, El cuarto bate
Sell haiti the lower quality sugar at the imported price and sell the Dominican public the higher quality sugar at the cheaper cost
Written by: dominica, 24 Mar 2010 11:25 AM
From: United States
more importantly, how is it that a country that is usually a main sugar producer finds itself in such a consequence? How could it be that we have to import sugar? When one thinks of DR and the products that they produce, sugar is in the top 3. There is a flaw in the sustainability of the agricultural sector.
Written by: josean, 24 Mar 2010 11:33 AM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Dominica you hit the proverbial nail on the head!
Written by: josean, 24 Mar 2010 11:39 AM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Dominica,
Episodes like these are why LIE-onel Fernandez's popularity is falling like a vertical jig!
ESTUDIO/POPULARIDAD
Fernández está en segunda posición de mandatarios menos populares en la región
Así lo revela el estudio de opinión, realizado por la firma CID-Gallup, en los países de Centroamérica y República Dominicana,con un margen de error del 2,8 por ciento y un nivel de confianza del 95 por ciento.
En la categoría de los más desaprobados por sus ciudadanos, el primer lugar lo obtuvo Daniel Ortega, de Nicaragua con un 43 por ciento; seguido de Fernández, con un 40 por ciento, y Álvaro Colom, de Guatemala, con un 37 por ciento.
LIE-onel Fernandez is so incompetent he can't even come First in being Last!
http://www.clavedigital.com/App_P....s/Noticias.aspx?id_Articulo=28206Written by: jcl_67, 24 Mar 2010 11:43 AM
From: Dominican Republic
welcome to the free trade agreement, where now the producers of sugar find it more profitable to export their sugar, leaving us to have to import sugar just to meet our own demand. new world order where only the strong will survive
From: Botswana, La reconnaissance est une lachete'
X Said
Sell Haiti the lower quality sugar at the imported rate,and sell the Dominican public the higher quality sugar at the lower rate.
---------------------------------------
Clearly you have no idea about how multi million dollars international business deals are done. While I'm sure this is your natural Dominican instinct kicking in, go ahead try that shoot your self in the foot. The big boys in Florida will gladly step in and take you out of the Haitian market. I do not think price and quality is a problem for them sense their production is subsidized by the US government.
Written by: xwill7, 24 Mar 2010 12:04 PM
From: United States, El cuarto bate
jcl,
One would think that the free trade zone would lower prices.
Written by: Gringo_1, 24 Mar 2010 12:06 PM
From: Dominican Republic, Maimon (Bonao)
Don't forget the government sent a bunch of sugar to Venezuela to pay for fuel --- me thinks. So that probably was part of the cause if it happened.
From: Dominican Republic, No Spin Zone
Nutty hugo is sweetening his coffee with it as we speak
Written by: jcl_67, 24 Mar 2010 12:19 PM
From: Dominican Republic
that's a lot of sugar if you compare prices of sugar to fuel.
Written by: generoso, 24 Mar 2010 12:23 PM
From: United States, Quisqueya
etiennc01
Please take your pill today, you are too funny.LOL
Written by: xwill7, 24 Mar 2010 12:27 PM
From: United States, El cuarto bate
ettienc,
every country does this. keep the better stuff for our house and give the guy next door the older stuff.... come on man!
Written by: derek, 24 Mar 2010 2:01 PM
From: Dominican Republic
Then tell me why there are THOUSANDS of acres of sugar-cane not harvested for 3-4 years. This is the belt from Imbert, thru Puerto Plata to Sosua and well beyond. Just drive the road and you will see for yourself. Solve this problem, and we would never have to import again.
And we might have left over to use the alcohol as fuel!!!!
Written by: Gringo_1, 24 Mar 2010 2:03 PM
From: Dominican Republic, Maimon (Bonao)
A report last month said sugar production was the same as previous five years. Therefore, shortfall is demand. I am not a economics person, but the only way to prevent the demand is to raise the prices. I do not think anyone wants that.
Written by: anthonyC, 24 Mar 2010 5:00 PM
From: United States
The fact that it is the GOVERNMENT that had to import the sugar is all I need to hear to know what is the problem.
I love this line: "“These prices will have to fall once the imported sugar runs out because the tendency in the world market is for its prices to decline,"
Really? What makes you think that sugar prices will decline? Could it be that Sugar prices have dropped 43% since Feb?
Written by: Atabey, 24 Mar 2010 5:42 PM
From: United States, NYC
Tony,
It is interesting that the article does not say, Dominican importers or companies have had to...."
The Government? The sooner supply and demand are handled by private concerns with sensible oversight and taxes where necessary, the better.
Written by: anthonyC, 24 Mar 2010 6:00 PM
From: United States
Atabey,
A few refuse to admit it and most don't realize it but the D.R. is a Socialist Country. Every major industry is controlled by the Government. There are price controls on all basic foodstuffs. The largest employer is the government.
And now they have abandoned the basic precepts of Democracy by imposing Gender quotas on who can be a candidate.
La Capital has more in common with Caracas or Havana than it does with D.C.
From: Canada, Ottawa, Ontario
Hey how long do carribean presidents stay president?
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
As long as they want. Ask Preval and Leonel Fernandez.
From: Canada, Ottawa, Ontario
What it's not only 4 years. Ugh I want Preval gone!!! He's not doing anything for us haitians. Why couldn't I be 18 to be president! Life is so unfair.
From: United States
One of our biggest exports to the rest of the world and we're importing it. If it was cocaine even though it is imported I bet we are never running low on that. Once again our government makes us look like a joke. We are closer to a socialized country than a democracy. We are still missing some of the positive factors of a socialized country though. We can't even get that right.
Written by: Grosero, 24 Mar 2010 11:09 PM
From: United States
Inazucar director Faustino Jiménez said of that total, 32,000 tons is brown sugar imported from Brazil, Honduras and Guatemala????
Why not cuba?????
Oh that's right wouldn't want to offend Uncle Sammy ....sic
Written by: anthonyC, 25 Mar 2010 7:41 AM
From: United States
Grosero,
I was wondering how long it would take before somebody blamed the USA.
Cuba's entire sugar production is already spoken for. Their lack of real hard currency forces them to use sugar as trade for oil, foodstuffs..ect.
Also Cuban sugar production is down.......again.........
Written by: jose_NYC, 25 Mar 2010 9:45 AM
From: United States, Brooklyn, NY - Santo Domingo, DR
i never thought the dominican republic would run out of sugar, arent we the larger sugar producers in the caribbean
From: Canada, Ottawa, Ontario
What how did their sugar shortage?
From: Dominican Republic
Blu,
Keep the straw out of your nose .. We want there to be enough leftover for your grandkids to get a sugar rush when they drink thier slurpees next to the Wall Mart that was once a beautiful Dominican stretch of sand.
From: Dominican Republic, No Spin Zone
KWIK E MARTS are on the way Apu will be doing a good will tour very soon
Written by: Pixeles, 25 Mar 2010 3:08 PM
From: United States, Hackensack, NJ
From: United States, jackson heights ny
Lets buy the sugar to cuba
since cuba is our neigbor,we should buy it from cuba.
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Episodes like these are why LIE-onel Fernandez's popularity is falling like a vertical jig!
ESTUDIO/POPULARIDAD
Fernández está en segunda posición de mandatarios menos populares en la región
Así lo revela el estudio de opinión, realizado por la firma CID-Gallup, en los países de Centroamérica y República Dominicana,con un margen de error del 2,8 por ciento y un nivel de confianza del 95 por ciento.
En la categoría de los más desaprobados por sus ciudadanos, el primer lugar lo obtuvo Daniel Ortega, de Nicaragua con un 43 por ciento; seguido de Fernández, con un 40 por ciento, y Álvaro Colom, de Guatemala, con un 37 por ciento.
LIE-onel Fernandez is so incompetent he can't even come First in being Last!
http://www.clavedigital.com/App_P....s/Noticias.aspx?id_Articulo=28206
Sell Haiti the lower quality sugar at the imported rate,and sell the Dominican public the higher quality sugar at the lower rate.
---------------------------------------
Clearly you have no idea about how multi million dollars international business deals are done. While I'm sure this is your natural Dominican instinct kicking in, go ahead try that shoot your self in the foot. The big boys in Florida will gladly step in and take you out of the Haitian market. I do not think price and quality is a problem for them sense their production is subsidized by the US government.
One would think that the free trade zone would lower prices.
Please take your pill today, you are too funny.LOL
every country does this. keep the better stuff for our house and give the guy next door the older stuff.... come on man!
And we might have left over to use the alcohol as fuel!!!!
I love this line: "“These prices will have to fall once the imported sugar runs out because the tendency in the world market is for its prices to decline,"
Really? What makes you think that sugar prices will decline? Could it be that Sugar prices have dropped 43% since Feb?
It is interesting that the article does not say, Dominican importers or companies have had to...."
The Government? The sooner supply and demand are handled by private concerns with sensible oversight and taxes where necessary, the better.
A few refuse to admit it and most don't realize it but the D.R. is a Socialist Country. Every major industry is controlled by the Government. There are price controls on all basic foodstuffs. The largest employer is the government.
And now they have abandoned the basic precepts of Democracy by imposing Gender quotas on who can be a candidate.
La Capital has more in common with Caracas or Havana than it does with D.C.
Why not cuba?????
Oh that's right wouldn't want to offend Uncle Sammy ....sic
I was wondering how long it would take before somebody blamed the USA.
Cuba's entire sugar production is already spoken for. Their lack of real hard currency forces them to use sugar as trade for oil, foodstuffs..ect.
Also Cuban sugar production is down.......again.........
Keep the straw out of your nose .. We want there to be enough leftover for your grandkids to get a sugar rush when they drink thier slurpees next to the Wall Mart that was once a beautiful Dominican stretch of sand.
@Pixeles
http://atpixeles.com
http://809Tube.com
since cuba is our neigbor,we should buy it from cuba.