Monday, December 20, 2004
The St. Kitts and Nevis government has voiced plans to scale back on its once dominant sugar industry.
Prime Minister Dr. Denzil Douglas has blamed tumbling prices and rising debt. He says the industry has been forced to restructure and change its focus. Promised reforms in the EU are threatening to result in deep price cuts.
From next year, the state-owned St. Kitts and Nevis Manufacturing Corporation (SSMC), will concentrate on the manufacturing of sugar and the production of a range of other agricultural products and services. Some of its services will be privatised