Rum exports on a high
RUM HAS MADE a spirited rise on the export market and is the country’s single biggest earner.
Speaking on the state of the economy, the Barbados Central Bank’s Deputy Governor Harold Codrington told members of the Barbados Workers’ Union on Sunday that there was no real growth in the export sector, but rum was the “biggest success story”.
Members attending the union’s mid-term meeting at Solidarity House heard from Codrington that rum sales on the overseas market accounted for $67 million in 2010, and increased by $3 million to $70 million last year.
Rum is a bi-product of sugar and even though yields have not been as high in recent years, he said sugar held its own in exports.
Read full story in today’s DAILY NATION.