Jamaica: Red Stripe increases beer prices

Red Stripe announced that due to the sharp and frequent increases in the price of raw materials and production costs the price of its brewed products including its signature beer is going up, Radio Jamaica reported April 28.

The ex-factory price of Red Stripe Light, Guinness, Heineken will see an adjustment of $8 more per bottle, while the price of Red Stripe will go up by $14 per bottle.

There will be no change to the price of draught beer.

The deposits on crates and bottles remain unchanged.

Red Stripe's Managing Director, Mark McKenzie, said the cost of malt, glass and other components have increased exponentially on the world market within the last six to eight months.

This has forced the company to up its prices.

08 May, 2008