By Zoila Palma: Belize is moving to add greater value to its traditional agricultural exports, with a new sugar refinery expected to increase the country’s ability to supply refined sugar to CARICOM markets.
Agriculture Minister Rodwell Ferguson told BBN that the investment forms part of Belize’s broader strategy to move beyond exporting raw commodities.
Ferguson said the refinery represents a major step in adding value to Belize’s sugar industry. “A great example of this is the recent investment made in a Sugar Refinery that will be able to refine all of Belize’s raw sugar and supply 70% of CARICOM’s demand,” Minister Ferguson said.
He explained that refining will take place in Belize while packaging will be carried out in Trinidad, with the investment involving SUCRO Ltd., which has distribution networks in Trinidad and Jamaica. “Refining will be done in Belize and packaging will be done in Trinidad,” he added.
Ferguson said the refinery is expected to come on stream in October and represents the type of regional partnership Belize believes can strengthen CARICOM food systems.
“This investment, which comes on stream in October of this year, was made in partnership with SUCRO Ltd., a company that has distribution networks in both Trinidad and Jamaica,” he further explained.
He added that the project was made “in the true spirit of regional integration” and could contribute to the objectives of the CARICOM 25 by 2025+5 initiative.
The post Belize eyes bigger CARICOM market through Sugar Refinery Investment appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: Belize is moving to add greater value to its traditional agricultural exports, with a new sugar refinery expected to increase the country’s ability to supply refined sugar to CARICOM markets. Agriculture Minister Rodwell Ferguson told BBN that the investment forms part of Belize’s broader strategy to move beyond exporting raw commodities. Ferguson
The post Belize eyes bigger CARICOM market through Sugar Refinery Investment appeared first on Belize News and Opinion on www.breakingbelizenews.com.
