Barbadians will pay more for Mount Gay rum from next year.Managing Director Mount Gay Distilleries Ltd Raphaël Grisoni disclosed on Wednesday that the price will have to increase as the company cannot continue to swallow the rising costs associated with more expensive inputs and logistical challenges.He was unable to say by how much the cost of Mount Gay products would increase but said it would affect both the local and export markets sometime in 2023.“I don’t have any figures right now, but what we do is try to absorb the maximum. But you can be sure that with the trend we are observing right now that next year we will have to increase our prices for sure. There is no doubt about that,” said Grisoni.“Mount Gay is not acting in isolation; we are just part of a trend. So other brands of all kinds of [alcoholic] products will also increase,” added Grisoni who was responding to questions from the media following a tour of the company’s St Lucy location, where he announced an investment in a sugar mill and a new rum aging bond.
