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Escalating food prices still a concern for the NIA

The Nevis Island Administration (NIA) continues to look at ways to mitigate against the high cost of food on the island.




But what has the Government done thus far? Some of the measures taken include incentivizing local agriculture, with the idea of having import substitution for food, which will lead to a reduced price in food.




Customs Service Charge was removed from food imports by the NIA, however, that barely made an impact to the overall retail prices, as owners of supermarkets have stated that the cost of purchasing the items overseas continues to rise.




Nevis and the world over, is still recovering from the economic crisis brought on by the Covid pandemic. The pandemic caused major disruption to supply chains worldwide, which resulted in shipping costs increasing.




It is the NIA’s plan to have further dialogue with the Chamber of Industry and Commerce (CIC) to help address this challenge.