Agriculture and Agroprocessing

Agroprocessing in Trinidad and Tobago offers lucrative, niche investment opportunities. This is particularly so for manufacturers using unique, indigenous agro products. The industry offers potential to create and innovate in the production of specialty items for local, regional and international markets.

Major Agriculture Export Partners

United States, Chile, Argentina, Spain, Dominican Republic, Barbados, Colombia, Guyana, Jamaica, Netherlands and Suriname.

Main Crops & Exports

The country’s main agricultural crops are cocoa, rice, citrus, coffee, vegetables and poultry. Important export products include citrus fruits, tomatoes, cocoa, sugar, coffee, and cut flowers.

Some of our Famous Produce

Award-winning Fine/Flavour Cocoa

  • T&T is one of 8 exclusive producers of fine/flavour cocoa in the world. (The International Cocoa Agreement, 1993).
  • Fine/flavour cocoa accounts for just 5% of world production.
  • Salon du Chocolat Award – La Reunion and San Juan are the only estates in the Caribbean to have won this award
  • Our unique Trinidad select hybrids of Criollo, Trinitario, and Forastero fetch a premium price on the world market.
  • T&T’s cocoa is in high demand worldwide by renowned chocolatiers.
  • T&T hosts one of the longest continuous cocoa variety breeding programmes in the world.

Hottest Pepper in the World

  • T&T's Moruga Scorpion pepper was rated the hottest naturally growing pepper in the world at over 2m Scoville units (SHUs) by the New Mexico State University’s Chile Pepper Institute in February 2012.
  • Each pepper contains as much capsaicin as 25ml of police-grade pepper spray
  • The Trinidad Scorpion Butch T pepper (>1.5m SHUs) ranks just below the Moruga Scorpion pepper.
  • Other varieties of hot pepper in T&T include the 7-Pot (800,000-1m SHUs), the Douglah and Habanero (>500,000 SHUs).

Innovation in Agriculture

The Cocoa Research Centre

The Centre includes one of two international gene banks that saves wild cocoa varieties found in tropical rainforests and cocoa-growing areas from extinction. The International Cocoa Gene Bank Trinidad collects the conserved trees which are vital to the breeding of improved varieties for thousands of cocoa cultivators.

Why invest in Agriculture & Agroprocessing?

Low Business Costs

T&T has been ranked 1st for cost effectiveness in Central America and the Caribbean. Reduced operational processing costs and low transportation costs result in competitively priced crop outputs on the open market.

Educated, Skilled Workforce

T&T has an attractive policy for tertiary education. The agriculture industry benefits from skilled labour in Aquaculture, Fishing, Food Preparation, Farm Management, Crop Production, Livestock Production, General Agriculture, Fish and Fish Processing, Food and Beverage manufacturing, and other key disciplines.

Local and Regional Demand

There is a large and increasing demand for goods made from fresh, organic and local produce to serve the local and regional markets in Latin America and the Caribbean. The annual food import bill for the region is US $5 billion, with T&T and Jamaica leading the demand.

Developed Industry

Mature manufacturing and logistics industries exist in T&T which would facilitate the export and off-take of local produce. There are existing food and beverage, and printing and packaging clusters in T&T.

Market Access to 947 Million Consumers

Through established trade agreements, businesses in T&T enjoy preferential market access to 947 million people worldwide.

Access to Research & Development

Investors have access to R&D conducted by the following organizations that are established to identify lucrative business opportunities.

  • InvesTT Trinidad and Tobago
  • The University of Trinidad and Tobago (UTT)
  • The University of the West Indies (UWI)
    • Faculty of Food and Agriculture
    • Cocoa Research Centre, UWI (CRC)
  • Caribbean Agricultural Research and Development Institute (CARDI)
  • Caribbean Industrial Research Institute (CARIRI)
  • Sugar Cane Feeds Centre
  • Seafood Industry Development Company (SIDC)

Incentives

  • The Ministry of Agriculture, Land and Marine Resources administers incentives in the agricultural sector.
  • Benefits include a rebate on a percentage of total cost, up to the maximum dollar value indicated in vehicles, water for agriculture, land preparation, soil conservation, machinery and equipment, agro processing, crops, security, waste management, protected agriculture systems, integrated pest management, post harvest and marketing, marine fisheries, soil amelioration, livestock, aquaculture, new farmers and guaranteed prices in cocoa, coffee, rice, rice seed and milk.
  • Fiscal Incentives – Under the Fiscal Incentives Act Chapter 85:01, large scale manufacturing or processing companies established in T&T can receive an exemption from paying customs duties, Value Added Tax and Withholding Taxes on the costs related to the production of approved products and or services.
  • Import Duty Concessions – Manufacturing and food processing enterprises are allowed duty free treatment on their raw materials, machinery and equipment and, in some cases, packaging material based upon the provisions of the country’s Customs Act.

Food Processing Facilities

Frozen meals - Ready to serve

Vegetables & Fruits - Fresh cut chilled and preserved, root crops frozen and dried

Lines - Juice and beverage, sauces, canning, bottling

Cocoa Opportunities

Primary Cocoa facilities- Production & processing

Manufacturing - High-end chocolate, cocoa by-product, medicinal uses

Cocoa Estate - Investment, Purchase, Revitalization

Pepper Opportunities

Production - Pepper Mash

Processing - Including weapon grade pepper and anti-fouling boat paint


Contact Us

Quincy Flores

Senior Investment Officer

sourcing@investt.co.tt









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InvesTT Limited
Trinidad and Tobago
El Socorro, PoS
Trinidad and Tobago

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