It's heading there. Less than 1% of GDP now and declining further. It would already have been dead if so much good money had not been thrown after its bad situation. And if it was not for the completely silly policy of competitive depreciation. I heard Krepalloo Sunghoon mention that it costs Rs17,000 to produce one ton of sugar that now sell for less than Rs15,000. How much bigger would the loss be at the very reasonable rate of 25 rupees to a dollar? No wonder then that thousands of acres of sugar cane have been abandoned. But that's kind of natural. We can't pursue activities that are incompatible with the kind of money that is needed to live properly here. Unless if we want to allow modern forms of slavery like too many seasonal workers and God knows what else. Just like we use cars and buses to go to work. And not horses.
We should use the land under sugar cane to grow food and to create more productive opportunities for our unemployed youth. So that we move Mauritius forward.
1 comment:
May we start a countdown until some Dodolander starts wailing about the UK's sugar tax? Unless they do it indirectly like this...
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