King Sugar takes a break as exports fall sharply

Published by BBN Staff at April 25, 2019

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Posted: Thursday, April 25, 2019. 8:37 am CST.

By Aaron Humes: Belize’s number one export is grinding into high gear for the end of the season in May and June.

But in March it counted for just under three million of Belize’s almost $26 million in exports, representing a slash by more than half of March 2018’s total.

The schedules for export of bulk sugar changed, resulting in only bagged sugar being exported this month.

For the year, Belize has exported just under $91 million in goods, with sugar once again hurt by lower prices in Europe, losing a third in revenue for just $24 million.

Citrus continues to struggle, making $6.7 million in March and just over $21 million for the year.

Bananas and marine products have rebounded slightly, making $9 million between them in March and almost $30 million for the year.

Imports are down slightly for the month of March but up for the year with more than $450 million imported.

The SIB notes that Belize is importing more manufactured goods like coffee and condensed milk, but slightly less fuel.

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