AgriBusiness Brochure CIF 2022

Agribusiness | GRENADA

| GUYANA

Name of Project: Fish (Jacks, Tuna) Products Canning Facility

Mode of Investment: Establishing and implementing a project through PPP

Private Sector

This project will entail a state-of-the-art canning plant whereby the fish raw materials for the plant will be readily available as Grenada is a major exporter of tuna and capture other species suitable for canning. Fish and fishery products remain a high-value commodity which is constantly in demand locally, regionally and on the international market. Grenada has several landing sites in various parishes which include St. Georges, St. Andrews, St. Johns, and St. Patricks. Considering the OECS Member States as a bloc, the combined canned products accounts for US$7.6 million in annual importation. At the CARICOM level, the Region imports approximately US$72.9 million in canned fish products (Sardines, Tuna and Mackerel). This allows a company operating from Grenada the ability to also benefit from special trading provisions under the CARICOM Single Market and Economy.

Investment amount required in US$: USD $1.5 million

GUYANA

Name of Project: Developing Aromatic Rice

Mode of Investment: Cash investment in R & D

Private Sector

Aromatic rice is known to attract a higher premium prices on the international market approximately 950-1200 USD/ton) as compared to ordinary, nonaromatic, rice (which is 320 to 500 USD/ton). Therefore, it is reasonable to assume that farmers can receive a 50% share of the increase in profits derived from such rice which can translates to an additional 200 USD/ ton of paddy. Also, aromatic variety utilizes a similar cultivation and agronomic practices as well as, it has similar yielding ability as the existing non-aromatic varieties and therefore no noticeable increase in production cost is foreseen. GRDB has recognised the tremendous financial returns that can be garnered fromthe exportation of aromatic rice. Taking into consideration the increasing demand for aromatic rice on the international market it is reasonable to believe that Aromatic rice can be the game changer of the face of Guyana’s’ rice industry. Guyana has embarked on a breeding program to develop its own aromatic rice to allow farmers an opportunity to enter the niche aromatic rice market and enjoy the higher price for its aromatic rice.

Investment amount required in US$: USD $1.4 million

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