West Indies Sugar & Trading Company
Encyclopedia
The West Indies Sugar & Trading Company Ltd (Wistco) is a partnership between the government of Barbados
and the private sector in order to help support the Barbados sugar
industry, primarily through the production, marketing and export of a premium sugar brand, Plantation Reserve
.
The company is also involved in trading and retailing of premium sugar and sugar-related products both in the English speaking Caribbean
and Europe
. Wistco is Barbados-based and controlled, and shareholders include the Barbados Agricultural Management Company Ltd — the sole sugar producer on the island — and Goddard Enterprises Ltd — a long established Barbados company with operations across the Caribbean and Latin America.
The company operates primarily from Barbados and across the Eastern Caribbean with subsidiary offices in the United Kingdom
. Wistco pays almost twice the EU
subsidised price for Plantation Reserve, allowing the industry to make a reasonable margin and providing funds for ongoing development programmes. It also supports the sugar heritage of Barbados in partnership with the Barbados National Trust
.
Barbados
Barbados is an island country in the Lesser Antilles. It is in length and as much as in width, amounting to . It is situated in the western area of the North Atlantic and 100 kilometres east of the Windward Islands and the Caribbean Sea; therein, it is about east of the islands of Saint...
and the private sector in order to help support the Barbados sugar
Sugar
Sugar is a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.Sucrose in its refined form primarily comes from sugar cane and sugar beet...
industry, primarily through the production, marketing and export of a premium sugar brand, Plantation Reserve
Plantation Reserve
Plantation Reserve Sugar is a product of the West Indies Sugar & Trading Company of Barbados and is a coarser, lighter raw cane sugar with a distinctive natural taste. The product itself is only made using sugarcane selected and harvested when sucrose content is at its peak...
.
The company is also involved in trading and retailing of premium sugar and sugar-related products both in the English speaking Caribbean
Anglophone Caribbean
The term Commonwealth Caribbean is used to refer to the independent English-speaking countries of the Caribbean region. Upon a country's full independence from the United Kingdom, Anglophone Caribbean or Commonwealth Caribbean traditionally becomes the preferred sub-regional term as a replacement...
and Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
. Wistco is Barbados-based and controlled, and shareholders include the Barbados Agricultural Management Company Ltd — the sole sugar producer on the island — and Goddard Enterprises Ltd — a long established Barbados company with operations across the Caribbean and Latin America.
The company operates primarily from Barbados and across the Eastern Caribbean with subsidiary offices in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. Wistco pays almost twice the EU
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
subsidised price for Plantation Reserve, allowing the industry to make a reasonable margin and providing funds for ongoing development programmes. It also supports the sugar heritage of Barbados in partnership with the Barbados National Trust
Barbados National Trust
The Barbados National Trust, founded in 1960, is an organisation which works to preserve and protect the natural and artistic heritage of Barbados and to increase public awareness of Barbados' historic and architectural treasures...
.