AGED RUM GAINS TRACTION IN THE US

In the July 16 issue of Time Magazine, an article featured under “Global Business” highlights the increasing popularity of aged rum vs. other aged spirits, such as Scotch. Sales of high-end rums have grown 45% to $287 million in the US, according to data issued by DISCUS. Good news for Puerto Rican rum producers, who provide 70% of all rum sold in the US. Puerto Rican law states that rum (distilled from molasses) must be aged a minimum of one year before it can be sold but is typically aged anywhere to 15 years.