Country Report Belize October 1996 Main report

Economy: Sugar industry reports a good 1996 season--

Belize Sugar Industries Limited has reported record sugar production of 108,784 long tons in the 1996 season, up from 107,030 long tons in 1995. Molasses production was also a record, at 39,949 long tons, up 13.4% from 35,216 long tons in 1995. The company had anticipated exports totalling about 92,000 long tons, including 50,209 to the EU and 23,178 to the USA; the EU and US exports were expected to earn Bz$82m.

--and the USA increases its import quota

The US Department of Agriculture has announced a 1996/97 sugar import quota for Belize of 17,849 metric tons; additional tonnage may be added in January, March and May 1997 if US sugar stocks are less than 15.5% of domestic demand. The initial allocation represents an increase of 53.6% on the 1995/96 quota of 11,619 tons initially announced last year; four additional allocations, the most recent of which was in June, took the total to 24,524 tons. The quota year runs from October 1-September 30.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
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