Although the official date set for the increase in the price of Sugar from 50 cents a pound to 75 cents a pound is set for January 1, 2016, there are vendors here in the North who are already implementing the price increase, or at least that is what consumers are saying.
This morning, during the Despierta Belice show, numerous calls came complaining about local vendors selling the pound of sugar at 75 cents. That should not happen until January first and if it is business owners are breaking the law.
According to a press release issued by the Belize Bureau of Standards on December 4th, 2015, vendors should refrain from implementing the price increase until the official date set by the Bureau, January 1, 2016. Failure to meet the terms of the Supplies Control Regulations can result in imprisonment of up to six months, a fine of 1,000 dollars or both imprisonment and fine charged.
Our news team tried to get in contact with Jose Trejo, Director/ Controller of Supplies, at the number provided on the press release, for a comment on the issue, but our efforts proved futile. We also contacted the Ministry of Trade, Private Sector Development & Consumer Protection, who gave us two other numbers to get in contact with Trejo but all we got was a busy tone.
Vendors are claiming that they are currently purchasing the product at a higher price hence the reason for their increased price.
Today our news team asked Shawn Chavarria, Financial Controller at the Belize Sugar Industries Limited if they have increased the price on the sack of sugar and he told us the increase will be seen until January 1st, 2016.
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