The international sugar price "slashes" Costa Rica's sugarcane industry within six months is facing challenges

The Costa Rican Sugar Cane Industry Alliance (Liga Agrícola Industrial de la Caña de Azúcar) said recently that high sugar production in India and Pakistan had saturation the market and that international sugar prices had fallen by 53% in a year and a half.
, Costa Rica has also chosen to import more low-cost sucrose from abroad, which has had a negative impact on sugar cane growers and sugar factories in Costa Rica.
Costa Rica's National newspaper reported on November 20th that Edgar Herrera, director of administration and marketing at the Costa Rican Sugarcane Industry Union, said the fall in international prices for sugar was "worrying" and that Costa Rica, now located in the Carrillos de Poás region of Poas County, was "worrying" Ingenio Costa Rica, the Ingenio Atirro sugar mill in Turrialba, has been closed, and the Co-op Sugar Factory in Grecia is in urgent need of liquidity.
it is understood that the Adiro sugar mill near the closure of the arrears have accumulated as high as 5,933 million kronor (about $9.84 million).
costa Rica has about 8,000 sugar cane producers and sugar producers, creating about 20,000 direct jobs in Costa Rican society, according to previous official records.
, there are only 12 sugarcane processing plants operating in Costa Rica.
on January 18, 2017, crude sugar futures traded at $20.98 per metric share (46 kg), the lowest price on September 26, 2018, at $9.9 per metric share, down 53 percent, according to the New York Stock Exchange.
Alejandro Miranda, vice-president of costa Rica's National Sugar Chamber of Commerce, argues that the governments of India and Pakistan have begun subsidizing the sugar industry, leading to a significant increase in sugar production in both countries, which in turn has saturation sugar in the international market.
produced about 20 million tons of sucrose during the 2016-2017 sucrose production season, and india is expected to produce more than 32 million tons of sucrose in the 2018-2019 production season.
。