page_title: Corozal Sugar Factory
section_title: Sugar prices and closing
hierarchical_section_title: Corozal Sugar Factory / Sugar prices and closing
caption_attribution_description: English: Historic Sugar Prices
context_page_description: The Corozal Sugar Factory began operating in 1937 in Pembroke Hall, Belize. Today the factory is abandoned, but delayed plans to repair it and add a new distillery for ethanol production have been underway since 2007.
context_section_description: A substantial increase in world sugar prices in the 1970s was followed by a slump in the 1980s. These unstable sugar prices can be attributed to several factors:
  A decline of sugar consumption in developed countries (notably the United States, Canada, and Japan) and increase of consumption in developing countries.
  The United States protecting domestic producers by setting internal sugar prices. Japan also levied high duties and taxes on imported sugar.
  The criticism of sugar and emergence of sugar alternatives such as High Fructose Corn Syrup in the 1970s (cereals even removed the word "sugar" from their titles).
  Depressed sugar prices led Tate & Lyle to close the Corozal Sugar Factory in 1985 and divest 90% of its interest in the Tower Hill factory to employees.
caption: Historic Sugar Prices
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