Panama Rum Production up 32%
As of August 4 million 18 thousand liters of rum were produced, 32.1% more than the same period of 2009.
Monday, November 8, 2010
According to the Comptroller General's Office, production in August 2010 reached the highest growth since 2007 when it reported growth of 21.5%.
The evolution of the Panamanian economy brings changes in consumption patterns which favor imported wine and premium liquors.
The distilled spirits producer, Varela Hermanos, SA, signed a distribution agreement to expand into the US market.
In 2011, 237.57 million liters of spirits were produced in Panama, up 6% from a year earlier.
In the first 9 months of 2009, alcoholic beverages companies produced 177.3 million liters, 7.1% more than the same period of last year.
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