What is the price of molasses per kilogram/pound in Jamaica today?
The retail price range for Jamaica molasses is between US$ 0.21 and US$ 0.80 per kilogram or between US$ 0.10 and US$ 0.36 per pound(lb). Click here to see today's exact prices of molasses in Jamaica
The retail price range in Jamaican Dollar for molasses is between JMD 32.68 and JMD 124.78 per kilogram or between JMD 14.82 and JMD 56.59 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica molasses is between US$ 0.15 and US$ 0.56 per kilogram or between US$ 0.07 and US$ 0.25 per pound(lb).
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Jamaica Molasses Export Prices - Historical, Trends and Prediction
The export price of Molasses from Jamaica over the last five years has been quite varied. In 2017, the price per kilogram was 1.09 US dollars, followed by a significant increase to 2.33 US dollars in 2018. The price then dropped to 2.14 US dollars in 2019 and further decreased to 1.4 US dollars in 2020. In 2021, the price per kilogram of Molasses from Jamaica rose again to 2.33 US dollars. Based on this data, it is likely that the export price of Molasses from Jamaica will remain around 2.33 US dollars in 2023 and 2024.The Jamaica molasses exports are classified as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
Jamaica Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Jamaica over the last five years has been relatively stable. In 2017, the price was $1.09, followed by a slight increase to $2.33 in 2018. The price then dropped to $2.14 in 2019 before decreasing further to $1.40 in 2020. The price then rose again to $2.33 in 2021. Overall, the import price per kilogram of Molasses into Jamaica has fluctuated between $1.09 and $2.33 over the last five years. Based on this trend, it is predicted that the import price per kilogram of Molasses into Jamaica in 2023 will be around $2.14 and in 2024 will be around $1.40.Export values for Jamaica molasses
The total values in export for molasses in Jamaica were US$ 3, US$ 12, US$ 14 and US$ 14 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Caribbean: Aruba molasses, Bahamas molasses, Barbados molasses, Cuba molasses, Dominican Republic molasses, Grenada molasses, Guadeloupe molasses, Haiti molasses, Jamaica molasses & Martinique molasses.
Jamaica molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica sold 8 tonnes of molasses. For the year 2019 alone, the demand for Jamaica molasses (processed category) has surged, recording a change of 33.333 per cent compared to the year 2018. Between 2017 and 2019, molasses' exports decreased by -27.27% earning the exporter US$0.01m for the year 2019. Jamaica's molasses exports are classified as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
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Jamaica molasses export values
In 2019, Jamaica exported molasses with a value of 0.01m USD, a contraction of -28.57% from 2018's total molasses export of 0.014m USD. The annual reduction in value of Jamaica molasses between 2017 to 2018 was 16.667 per cent.
The annual change in the amount of Jamaica's molasses exports between 2017 and 2019 was -27.27 per cent compared to a variation of 33.333% in the period between 2018 and 2019.
Export markets for Jamaica molasses ( in '000$ )
Jamaica's leading destinations for molasses are US, United Kingdom (UK), the Netherlands and Belgium.
Jamaica procured 45,006 tonnes of molasses in 2019.