Last night, we told you how the Sugar Industry's immediate future remains uncertain. While that situation in the north remains fluid, in the South, things are taking a positive turn for embattled citrus industry.
Yesterday, the Citrus Products of Belize Limited, the company which buys citrus products from the farms, released a statement congratulating the major shareholders in reaching an out-of-court settlement.
As viewers may know, the ownership of CPBL is made up of the shareholders, Banks Holdings Limited, the Barbadian Beverage Giant; and the well-established Citrus Growers Association - which represents 90% of the citrus farmers. The release does not go into detail as to what the out-of-court resolution looks like, but it congratulates both sides for quote, "the understanding by both parties of the need for their collaboration in the best interest of… the overall industry."
The CPBL release says that it will collaborate with CGA to deal with the citrus greening disease, which is currently affecting the industry negatively.
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