AGP Executive Report
Last update: 10 hours agoFood Prices & Drought: Jamaica’s drought is pushing market prices higher, with vendors reporting shortages and steep increases for Irish potatoes ($350/lb), sweet potatoes ($250), pumpkins ($300), lettuce ($1,000) and sweet peppers ($600), while carrots ($400) and onions ($250) also rise as water-dependent crops struggle. Tourism & Capacity: Jamaica’s tourism recovery is gaining momentum, with 2.34 million visitors and about $2.5 billion in earnings through Aug. 31, but hotel availability remains the constraint—about 70% of room inventory is currently in service after Hurricane Melissa. Capital Markets: The JSE suspended trading in Medical Disposables & Supplies (MDS) after delays in filing audited financials, citing an IT disruption that affected accounting records. Housing Recovery: Government has signed contracts to build semi-permanent homes for Hurricane Melissa-affected families, with 268 units planned for Westmoreland and St. Elizabeth under a $1.05b first phase. Back-to-School Support: JPS says it invested about $22m via the JPS Foundation to provide vouchers, supplies, uniforms and grants for schools and communities ahead of the new academic year.
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