Sugar, through Pacific Sugar Holdings Corporation (PSHC), continues to be a mainstay of the group, as it milled roughly 900,000 MT of cane.
Crop year 2017-18 saw continuous heavy rains throughout the growing months until the milling season, threatening the country with a potential shortfall in the supply of sugar and consequently pushing the price of sugar upward. In spite of the effect of the unfavorable weather conditions, PSHC sales increased year on year, as its cane milled rose by 4%, mainly as a result of its on-going free cane points and planter support programs. The free cane point program, which is now on its third year, provides planters with higher yielding varieties, improving both acreage and yield.
PSHC continues to focus on improving cane supply by leveraging on the success of its free cane points program as well as improving farm and factory productivity and efficiency through the use of automation and technology, farmer training and initiatives to streamline operations.
- Milled roughly 900,00 MT of cane
- Produced roughly 1,600,000 bags of sugar