The country’s food import bill has decreased significantly from the $400-$500 million recorded in the 2008-2009 fiscal year, according to the Minister of Agriculture and Marine Resources Larry Cartwright.
Cartwright told Guardian Business yesterday that a number of factors contributed to the decline, including unemployment.
“There are so many other factors you have to look at,” Cartwright said. “The fact that there was a (higher level) of unemployment last year, the food bill will decline. But there are a lot of things to look at. Hopefully for 2011 we should get a truer figure of where we are in regards to imports.”
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