Plantation Reserve Sugar A “Huge Success Story” – US$203,000 Per Month Sales (How Much Did Cricket World Cup Cost Us?)

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The Nation News is featuring yet another story on the success of Barbados’ Plantation Reserve sugar. The brand is doing very well with volume of 20,000 tins sold last month at 5 UK pounds per tin… or about US$203,000. (see The Nation News Sweet Taste Of Success)

Keep in mind that is sales, not profits, folks. Even with a 50% profit margin (as if! – but lets be conservative) that would be say, US$100,000 profit per month.

But there is no way the profit margin is 50%.

The Nation News also mentions a single newspaper supplement article as being a huge success also, and they feature the cover of the newspaper supplement.

I guess no one at the Nation realises it was published months ago – or that the sub-title of the article is Trouble in Paradise and that the article cannot be considered all positive.

Now let me see here… Take that US$100,000 profit per month (a huge over-estimation) divided into the cost of Cricket World Cup (say US$300 Million in the hole including that white elephant called Kensington Oval)…

Yup… the Plantation Reserve sugar profits will be able to pay for Cricket World Cup in, oh, say 250 years.

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22 Comments

Filed under Barbados, Business, Cricket

22 responses to “Plantation Reserve Sugar A “Huge Success Story” – US$203,000 Per Month Sales (How Much Did Cricket World Cup Cost Us?)

  1. paul sealy

    How many jail cells does it take to house these BLP criminals?? do owen,lynch and others have their names on cell doors yet for this “GREAT BARBADOS TREASURY,LAND AND FREE TAXPAYERS MONEY HEIST”that has been pulled off??

  2. paul sealy

    oh shoot,just forgot,owen has the CJ.DPP,GG and the police all on his side so i guess no jail time for him,just sipping fine liquor on a yacht somewhere with the coke bosses and scam artistes of the like,silly me owen forgive a passive bajan hear,forgot you “lodge thieves” can’t get lock up.

  3. UNholyTrinity!

    Lodge Thieves,indeed!
    – they entirely rule this place.

    If you happen to be(all three)..
    1. big in your church..
    2. a permanent sec’y.or similar hi-ranking govt. individual..
    3. a lodge member..
    you are closer to god than god self…..entirely untouchable. Yessssss!

  4. Littleboy

    Plantation Reserve??? or “Repackaged GUYANA Sugar”.
    Check Portvale workers (not the press)for details.

  5. Guyana Sugar?

    oh ram goat. what a laugh. 100% Bajan!

  6. Portvaleboy

    Littleboy, you got your facts all upside down and around. Talk to the Portvale crew and they’ll set you straight. I just up the road from the mill and the production people took serious time to get the Plantation sugar right last season.

  7. Troy

    Not related, but this info needs to be out there today.
    This info was emailed to CBC.

    It is being eroneously reported that the funeral for the late Donavere Alberto Codrington my brother and the late Yashiro Iori Codrington, my nephew will take place at the Sons of God Spirtual Baptist Church in Ealing Grove. This is not correct. The cortege leaves Lyndhurst Funerl Home for the Chapel at Coral Ridge,, where Archbishop Granville Williams will officiate. Then a procession to the Cassia Lawns at Coral Ridge for interment in the family Plot.

    Please advise friends, family and relatives who may have read the wrong news in the paper accordingly

  8. Klang

    BFP,

    What does Kensington Oval have to do with sales of ONE sugar product?

    Did the construction of Kensington Oval have an agricutural clause that they would grow canes in there to pay for the construction?

    ***************************

    BFP Replies

    Silly Klang. It is a way of illustrating just how little this “big success” of Plantation sugar marketing means in the grand scheme of things. You BLP government types will drop a third of a billion dollars on a one time party, not even put lights in the stadium so the entire world sees how corrupt and incompetent Barbados has become – but then you highlight a $100,000 in a month sales of sugar as some grand achievement.

    Silly BLP Klang.

  9. Anonymous

    to be honest i was pondering the same alleged association

  10. Roger Rabbitt

    Klang
    You missed the point. Kensington Oval has nothing to do with growing canes neither was there any agricultural clause written into the contract for the reconstruction of the place. The point is, if we were to rely on the sale of sugar to repay the loan on K O, at US$100.000 per month we would take forever to settle the debt.
    I don’t think that the 250 years would cover the interest on the place. That is only the principle we are talking about.

  11. Anonymous

    Klang:

    Are you the only BLP yardfowl available this morning?

    I would have expected an A- list apologist.

  12. BFP

    BFP Replies

    Silly Klang. It is a way of illustrating just how little this “big success” of Plantation sugar marketing means in the grand scheme of things. You BLP government types will drop a third of a billion dollars on a one time party, not even put lights in the stadium so the entire world sees how corrupt and incompetent Barbados has become – but then you highlight a $100,000 in a month sales of sugar as some grand achievement.

    Silly BLP Klang.

  13. peltdownman

    Honestly BFP, I see the link between Kensington Oval and Plantation Reserve being tenuous at best. Plantation Reserve is a product being marketed by a private company as a “special” sugar, and I admit my surprise at how successful it has been. But surely the results are something to celebrate, rather than mix in with other unrelated matters. What it shows, along with the success of so-called “Fair Trade” bananas and other produce, is that there is a tremendous amount of goodwill abroad for the Caribbean and its products. We should exploit the “Fair Trade” phenomenon for all it is worth, in as many products as we can. Kensington Oval, on the other hand……………

    *********************

    BFP Replies

    Honestly peltdownman, the “success” story of the sugar is being pushed by the government as a way of “saving” our sugar industry. If we had some transparency you would see how much the product is directly and indirectly subsidized. Everything is going to hell in a handbasket, the government mismanages projects worth billions of dollars but when they need a little good news this minor sugar repackaging best illustrates the sum total of their success.

    Juxaposing the “success” story of Kensington and CWC against the “success” of the high end sugar is a valid concept, but perhaps we weren’t skilled enough to make it immediately apparent.

    We apologise for not being professional journalists. Still, we and a few other blogs are all Barbados has right now.

  14. notesfromthemargin

    We ran a post on this article a couple of months ago when it ran. BFP I think there is more fertile ground available to you, than to link this with Kensington Oval.

    At least they aren’t sitting they bemoaning the ending of trade preferences, while doing nothing about it.

    Marginal

  15. akabozik

    I get BFP’s points. The Nation dragged this old story out to give some “good news” but they ignore the mismanagement except to do a few superficial stories. What Adrian Loveridge did at the corporations office this week should have been done by Nation reporters years ago.

    Government can brag about making $100k a month on some sugar but everything else they touch turns to sh**.

    Kensington. Cricket World Cup. Gems. UDC. Affordable housing. Transit. The list goes on and on. Everything they touch is spoilt.

  16. Pogo

    If this is a government subsidized project in any way let’s see the books.

    Figures can lie if you don’t see the whole picture.

  17. james

    Hang on a second. I take all the points but I read the story (and the Observer article that BFP broke a month or two ago) and isn’t this a private commercial company trying to make a profit, not a government organisation ? Goddards are involved for a start. And while the company seems to be paying more than the EU do for the sugar they buy, they don’t seem to be claiming to save (or even trying to save) the entire industry. That would take decent management and diversification and should have started years ago. I suppose my point is that this at least looks like a start. Too little and probably ten years to late, but still a start. The whole Oval fiasco and the sugar industry in general are separate issues which with any luck will be used to hammer the BLP when an election is actually called. Plantation Reserve ? Too expensive for my liking but they look like they doing alright in the UK and that’s OK by me.

  18. Hants

    Government’s BAMC is “involved”.

    According to Chris Docherty, managing director of the Barbados-based and owned West Indies Sugar & Trading Company (WISTCO), which jointly markets the sugar with Government’s Barbados Agricultural Management Co (BAMC), Goddard Enterprises Ltd. and British investors,

  19. Midas

    “Government can brag about making $100k a month on some sugar but everything else they touch turns to sh**.

    Might this be called The Scatalogical Touch, then?

  20. littleboy

    “Littleboy, you got your facts all upside down and around. Talk to the Portvale crew and they’ll set you straight. I just up the road from the mill and the production people took serious time to get the Plantation sugar right last season”
    Portvaleboy
    Sorry, to dissapoint you, but because of the brevity of my comment I think you misinterpreted me.
    Barbados “produces specialty sugars”, “Plantation Special Reserve”,”Muscavado Gold” etc.
    I have spoken to a SENIOR person at Portvale who assures me that Guyana sugar HAS BEEN REPACKAGED FOR EXPORT.
    I now categorically state that “Muscovado Gold” is repackaged Guyana sugar!!!
    Go and check, please.

  21. Portvaleboy

    I was talking about Plantation Reserve which is very definitely all from Barbados. Portvale telling me that it’s under lock and key in the sugar bond. I’ll check about Muscovado Gold though. That sounds suspicious.

  22. yatinkiteasy

    According to the Financial statement for 2013, of The West Indies Sugar and Trading Co UK ltd, sales for the entire year were 365000 GBP, down from 610418 in 2012. Clearly, something radical has happened..the product is no longer available at retail, and e mails to their “contact Us” website bounce back unanswered.Is this another failed Government/Private sector operation?