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Home » FX retention chokes ART’s exports
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FX retention chokes ART’s exports

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Despite these challenges experienced in the 2024/25 season and a difficult first quarter of 2025, the business unit posted revenue that was 54 percent above the same period last year.
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AMALGAMATED Regional Trading (ART) Corporation recorded a 32 percent decrease in export volumes during the quarter to June 30, 2025, with margins further eroded by the reduction in the foreign currency retention threshold.The group’s overall sales volumes declined by seven percent during the quarter as trading remained subdued.“Turnover for the quarter was US$7,8 million, a…

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