Guyana Gets $26 Million in European Union Aid for Sugar Industry

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Guyana, the largest sugar exporter in the Caribbean, will receive just under $27 million in aid from the European Union to help improve production in the country. The E.U. had previously chosen to cut import prices for raw sugar by as much as 36 percent, and the new aid came as part of an effort to compensate Guyana for its losses during that period. Guyana’s Guysuco is the largest bloc producer of sugar to Europe. [Business Week]