Billion Dollar Cocoa Industry, Caribbean, Caribbean Cacoa Industry, Cocoa Research Centre, International Fine Cocoa Innovation Centre, News, World -

Caribbean Nations Seek to Claim Portion of $1B Cocoa Industry With New Research Center

Billion Dollar Cocoa Industry, Caribbean, Caribbean Cacoa Industry, Cocoa Research Centre, International Fine Cocoa Innovation Centre, News, World -

Caribbean Nations Seek to Claim Portion of $1B Cocoa Industry With New Research Center

A cacao plantation (CJ Photo)
A cacao plantation (CJ Photo)

The University of the West Indies’ Cocoa Research Centre has embarked on a major new project: to transform the region’s cocoa sector.

The new project, dubbed the International Fine Cocoa Innovation Centre, is the brainchild of the Cocoa Research Centre and its partners, funded by a $2.17 million grant from the European Union.

It’s all part of a bid to capture a greater share of the $100 billion global cocoa industry, which is slated to grow by another 20 percent over the next decade.

“The Caribbean is held in high regard as a cocoa-producing region because most countries produce a fine or aromatic (as opposed to bulk) cocoa,” said Kathrin Renner, International Cooperation Officer of the Delegation of the European Union to Trinidad and Tobago. “I think we would all agree that the Caribbean region holds great potential to be a major player in the international fine cocoa and chocolate trade and the work of the International Fine Cocoa Innovation Centre is bringing us closer to that reality. This is why the EU is happy to support it.”

So how does the Caribbean do it?

The plan is for “Innovative strategies, science and technology, farm management techniques, business models, and extension,” according to Virginia Sopyla, Associate Director of The World Cocoa Foundation.

“The International Fine Cocoa Innovation Centre will play an important role in this process, and there are other positive signs of a growing momentum in this direction,” she said.

Read the full story at caribjournal.com


Leave a comment

Related Posts

In Mexico’s border city, Haitians hailed as success story
TIJUANA, Mexico (AP) — A few blocks from a shelter housing members of a Central American migrant caravan sits the fir...
Read More
Say No Mo', Where Is Video?: The Assassination of E.J. Bradford
1: to murder (a usually prominent person) by sudden or secret attack often for political reasons; a plot to assassina...
Read More
Bus Crash Horror: 1 child dead and 40 people hurt on youth football trip
BENTON, Ark. (AP) — A charter bus carrying a youth football team from Tennessee crashed early Monday in central Arkan...
Read More
Black Hair Matters: The Affirmative Power of Politicians Like Ayanna Pressley and Stacey Abrams
When Ayanna Pressley got her Senegalese twists done for the first time about three years ago, it was a moment of affi...
Read More

Tags