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Honduras Seeks to Expropriate British Sugar Cane Land

Article Summary:

Honduras sent a negative message to foreigners who want to invest in the country, says the Honduran Business Council of Agricultural Policy. This month the National Agrarian Institute (INA) notified the Sugar Company (CAHSA) and North Sugar (AZUNOSA), both foreign-owned, of the expropriation of an estimated 7,000 acres of its land.

Photo Credit: El Heraldo

Original Article Text From El Heraldo via Google Translate :

INA wants to expropriate land in British Capital

The seven mills in the country will face financial bankruptcy because of constant invasions and notices of expropriation of their lands made by peasant groups and the INA, so respectively, reported the Business Council for Agricultural Policy in Honduras (Compah).

The warning was made Nufio Mario Gamero, Compah president and attorney Isauro Aguilar, linked to the country’s sugar industry, as part of a news conference in the Honduran Council of Private Enterprise (COHEP).

In recent days, the National Agrarian Institute (INA) notified the Sugar Company (CAHSA) and North Sugar (AZUNOSA) the expropriation of an estimated 7,000 acres of land.

Foreign capital “AZUNOSA is owned by a firm based in the UK, which also owns Honduran Brewery,” reflected Gamero. For the union leader, expropriation of land would affect international relations argues that Honduras with the United Kingdom and the European Union.

The aforementioned company reports AZUNOSA an investment in the order of 2.000 million lempiras, generates employment to benefit nearly 3,000 families scattered in the Sula Valley and cancels the treasury 95 million lempiras. It also generates 18.3 megawatts of clean energy that is sold to the state.

In the north of the country are scattered about four sugar mills in the south, two in the northeastern region of the country, operates a mill. “We estimate that these seven companies own 50% of over 60,000 hectares of land where sugar cane is grown in the country,” he said.

CAHSA is a locally owned company, was founded in 1938, is located in Buffalo, a town of Villanueva, Cortes, and operates the Santa Matilde wit. It has a milling capacity of 12,000 tons of cane daily. The sugar industry of Honduras plans to produce during the harvest 2012-2013 about 9.1 million quintals of sugar. Most of this sweetener is consumed in the country and exported about 20,000 tons of sugar to the amount of Free Trade Agreement between Central America and the United States.

Legal Opinion Aguilar’s attorney said the sugar industry has expressed concern due to the negative impact that will have the invasions and expropriations.

For Aguilar, it is unfortunate the full occupation of land in sugar production by groups of agrarian reform. “Any amendment to the Agricultural Modernization Law would be a serious prejudice against the country’s economy. It also would affect thousands of families who earn their income through this industry, “he said.

For us, he continued, would send a negative message to the owners of capital interested in investing in domestic agriculture. “We believe the country’s sugar industry would face financial ruin if these actions thrive invasion and expropriation” he said.

The actions
The deputy director of INA, Marcos Ramiro Lobo, told the Herald reported that two sugar mills on the expropriation of 7.258 acres of land in the last two weeks. He said that over a week ago reported the expropriation of the company AZUNOSA by way of 3.000 acres of land.

The second notice that the INA was turned on May 4 to expropriate 4.258 acres of land held by the CAHSA.The INA promotes the amendment of sections 51 and 71 number of Agricultural Modernization Law to speed up the process of land expropriation in the country. The Congress may determine the matter next month.

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From El Heraldo

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