The Government of Barbados can no longer sustain pumping close to BB$30 million (US$15 million) annually into the struggling sugar industry.
Barbados – Mount Gay investing US$20 million in new sugar plus warehouse [Full subscriber]
Mount Gay Distillery is investing in a new sugar mill at its St Lucy plant.
Barbados – Gov’t to privatise sugarcane industry [Full subscriber]
The Barbados government is planning to merge the state-owned Barbados Agricultural Management Company Limited (BAMC) with the Barbados Sugar Industry Limited (BSIL), as it seeks to fully privatise the sugar cane industry, according to local press reports.
Barbados – 10% tax on sugary beverages from 1 August 2015 [Registered]
Making the announcement while delivering the national budget, Minister of Finance Chris Sinckler, also listed those “Beverages containing intrinsic sugars only, such as 100% natural fruit juice, coconut water, plain milk, evaporated milk [which] will not be subject to the excise tax.”
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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