Consumers can expect higher prices for certain beverages as GraceKennedy Limited prepares to implement an average nine per cent increase on non-alcoholic sweetened beverages effective May 1.
The adjustment was outlined in an April 24 notice issued to general trade customers, indicating that the price changes will also extend to other items impacted by rising operational costs.
According to the company, the increase is largely due to the introduction of the Government’s Special Consumption Tax (SCT), which is applied based on the sugar content of beverages. GraceKennedy stated that it is unable to absorb the added expense associated with the new tax.
The SCT forms part of broader fiscal measures introduced by the Government, aimed at generating revenue while encouraging reduced sugar consumption among the population.
The development signals that the effects of the tax are now reaching consumers, with potential implications for food and beverage prices in the coming months.
GraceKennedy did not specify which products will be affected by the increase or whether similar adjustments will be made across other distribution channels.
Advertise with McKoy’s News!
🚀 Boost Your Business with McKoy’s News! 🚀
Let us help you grow your brand with our comprehensive advertising solutions:
Create Your Own Business Page:
Showcase your business with a personalized page on McKoy’s News. Highlight your products or services with multiple photos, contact information, and detailed descriptions.
Engaging Banner Ads:
Capture attention with visually stunning banner ads that promote your brand across our website, reaching a large audience with every click.
Dynamic Video Ads:
Tell your story with impactful video advertisements, designed to engage viewers and drive traffic to your business.
Feature Articles:
Gain credibility and visibility with feature articles on McKoy’s News. Share your success stories, latest offerings, and expert insights with our readers.
Ready to Elevate Your Business?
Contact us today and let McKoy’s News be your partner in success.
Follow us on social media
Related posts:
Trinidad Authorities Probe US$950,000 Payment to Vybz Kartel for Music Festival
I‑Wayne Ignites the Stage with Conscious Fire at Reggae Sumfest 2025
1SKI OG IGNITES THE “BOUNCE” REMIX FEATURING LATIN GRAMMY-NOMINATED FITO BLANKO, AN INTERNATIONAL FUSION OF DANCEHALL AND LATIN RHYTHM
A$AP Rocky Signals Rift With Drake, Says No Need for Reconciliation
Britney Spears Arrested on Suspicion of DUI in California
Spice Among Honourees at Georgia’s Influential Women Celebration