Barbados: Estimated $6.8m in revenue expected form sugar exports this year

Barbados is expected to rake in some $6.8 million in revenue from packaged sugar exports to the United States and Trinidad this year.

The country is moving to increase its quotas to those markets for 2024 on the back of a "sweeter" 2023 crop.

With projections of an even bigger sugar output next season, the Barbados Agricultural Management Company also revealed yesterday that overseas demand for Bajan-branded sugar is increasing and that the company will pursue another price hike for its exports.

The company says as the output of sugar builds, the country will be looking to expand exports primarily to other CARICOM countries in the coming years.