Caribbean Investment Opportunities

SECTOR: AGRI BUSINESS | JAMAICA

PUBLIC/PRIVATE PARTNERSHIP

Project Name: Mango Orchard

Mango is an in-demand product across the world, in North America, Europe and the Middle East. Jamaican mango production is of three varieties – St. Julian, East Indian and Tommy Atkins. Local production stood at US$8.4 million in 2017 with five (5) percent exported, primarily to Canada and UK. These are the preferred destinations for Jamaican mangoes, with consumption growing away from Hispanic and Asian consumers, into the mainstream market. With the lifting of restrictions on Jamaican mango exports to the UK, and the commencement of the irradiation of mangoes from Jamaica to the US, the export opportunities for mangoes have increased. The development of a mango orchard is a priority of the Government of Jamaica for which and will be made available under lease. Mangoes are a long-term crop with high initial capital investment, as maturity of plants takes up to 3 years before fruits are borne. Accumulated costs up to year 3 of production per hectare are estimated J$97 per kg. Output up to year 5 is expected to increase, averaging 29% per annum to reach 10,265 kg, while annual costs reduce to $9 per kg.

Investment Required: Unspecified Email: dedwards@jamprocorp.com

32 | CARIBBEAN INVESTMENT OPPORTUNITIES