Trinidad and Tobago Fine Cocoa Company

Trinidad and Tobago Fine Cocoa Company

Trinidad and Tobago’s cocoa industry is revitalised by a state of the art cocoa processing facility producing 50 metric tonnes of gourmet chocolates  favoured by international restaurants and hoteliers. 

From Bean to Bar

A Successful Diaspora Investment in Cocoa

There’s a huge potential for success in investing in cocoa in Trinidad and Tobago which can be derived from its rich legacy of cocoa cultivation. This is the testimony of Diaspora investor Ashley Parasram who left Trinidad and Tobago at age 4, was educated in the United Kingdom and Finland and found himself reconnecting with his homeland on and off for about 10 years until he uncovered an ideal investment opportunity for the processing of cocoa into high end chocolates. In 2015 he launched The Trinidad and Tobago Fine Cocoa Company - a bean-to-bar chocolate manufacturing factory located just 5 minutes from the Piarco International Airport in Trinidad. After 1 year of operation and three awards he can safely say that he is on his way to achieving full success.

Achievements

  • 2 Silver Awards

    Tree to Bar Category (La Reunion Estate 70% Dark Chocolate); Packaging Category (Steel Pan Tin) The Academy of Chocolate Awards 2017
  • Harrods 2017 Collection

    Joint branded exclusive selection of gourmet chocolates (launched October 2017)
  • International Distribution

    British retailing partner Artisan du Chocolat
  • Innovator of the Year 2016

    Awarded by Trinidad and Tobago Manufacturers' Association

About The Trinidad and Tobago Fine Cocoa Company (TTFCC)

The TTFCC is a pioneering public/private partnership which aims to rehabilitate Trinidad and Tobago’s cocoa industry by improving the quality and yield of bean production and developing value-added products for local, regional and international markets. The Company uses state-of-the-art equipment and facilities to produce high quality chocolates from the processing of cocoa beans yielded directly from the estate. The chocolates, ranging from milk, dark, rum, guava, cashew and scorpion pepper, are distributed internationally by British retailing partner Artisan du Chocolat which has outlets in the UK, Ireland, Saudi Arabia and Japan. Additionally, in October 2017, TTFCC launched its co-branded selection of gourmet chocolates with Harrods Stores, London. The exclusive collection profiles four of the finest Trinitario estates in the Central, South, North and East Trinidad.

Strategic Partnerships

The TTFCC has partnered with the Inter-American Development Bank and the Cocoa Research Centre of the University of West Indies to implement a 3-year initiative called IMPACTT (Improving Marketing Production of Artisanal Cocoa from T&T). The project will develop technology tool kits to help cocoa growers improve the quality of their yield and develop standards and certification. The TTFCC also has an open door showcase policy to encourage other entrepreneurs interested in learning about the bean to bar process. 

“As a Diaspora investor, InvesTT helped me navigate the business environment in Trinidad and Tobago. I can easily pick up the phone and get advice from them. They are a key partner and our best friend in business.” 
Ashley Parasram, Founder, TTFCC

Why Trinidad and Tobago

  • Trinidad and Tobago is one of just seventeen countries worldwide, according to the International Cocoa Agreement 1993, that produce the highest quality cocoa bean strains, or “fine/flavour" cocoa.
  • The cocoa flavor profile is dominated by medium cocoa notes blending into pulsating fruity notes and ancillary floral, nutty, caramel, spicy and licorice flavours.
  • Research is conducted by UWI’s Cocoa Research Centre, the custodian of the largest and most diverse cocoa collection in the world, the International Cocoa Genebank.
  • 3 consecutive annual victories at the Cocoa of Excellence in Paris have established the country’s reputation for par excellence flavor.
  • The country’s location, temperature, rainfall and sunshine hours lend themselves to a thriving cocoa industry.

InvesTT's Role

InvesTT was involved at a very early stage during the pre-launch phase of the Trinidad and Tobago Fine Cocoa Company in 2015.  The agency’s Investor Services team provided pertinent commercial information, found the right people in relevant stakeholder organizations and assisted in the overall navigation of the local business environment.  

“It’s been a very rewarding experience in Trinidad and Tobago. The level of collaboration with our local partners has been excellent and everyone has been open and transparent about the objectives of the revitalizing of the cocoa industry.”
Ashley Parasram, Founder, TTFCC

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