System launched to reduce food import bill
A Market Information System (MIS) has been launched in a bid to reduce Barbados’ multi-million dollar food import bill.
The system, valued at $1 million, allows the Ministry of Agriculture to monitor food produce trends and other developments on the local market.
Speaking during this morning’s launch at the Radisson Aquatica Resort, Permanent Secretary in the Ministry of Agriculture Esworth Reid said the mechanism would provide all necessary data to prevent importers from bringing in products that are available here, particularly those of low quality.
The Ministry of Agriculture and the Food and Agriculture Organisation are collaborating on the MIS.