Sunday, August 26, 2012

BELIZE AND GUATEMALAN ECONOMIES CLOSELY LINKED THESE YEARS

JOHN CARR OF HIS BEL CARR FARM BUSINESS, REPORTS 80% OF HIS CORNMEAL PRODUCTS ARE BEING EXPORTED TO JAMAICA.   Makes you wonder how he gets his money in foreign exchange?  Beans had a bad winter and apparently in the Spring, rain spoiled the seasonal crop in many places.  Up in Corozal District they did okay and were able to cover the local shortages experienced by the Cayo district.  Guatemalans are buying 50% of the corn gluten by product being produced and this is expected to rise to 75%.
  One could say for all practical purposes, the Guatemalan and Belizean economy are closely linked.  In fact they may be one and the same right now and growing tighter year by year.

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