Presentación (inglés) de la Caribbean Agri-business Association (CABA) en el marco del Eleventh regional planners forum on agriculture and Symposium on innovation systems for sustainable agriculture and rural development, realizado en Barbados del 13 al 15 de septiembre de 2017.

1. CABA
INNOVATIONS THAT WILL IMPACT THE
HERBS & SPICES INDUSTRY

2. DEFINITION & CONTEXT
DEFINITION---INNOVATIONS
New combination of existing and/or new resources
which solves problems or exploit opportunities with
new commercialised products, services, processes,
business models and management system.
SECTOR CONTEXT-FOR INNOVATIONS
• Dynamic & volatile (Pest & diseases, climate,
government regulations, company specifications)
• Higher risk & uncertainty of the future payoff of
investments
• 8-10 years to bring new varieties to market
• Slow change in consumer demand pattern

3. HERBS & SPICES INDUSTRY TARGETS
PRODUCT CATEGORY
Est. Regional
Imports in 2017
USM
Displmnt.
Target in 2022
US$M
Est. export
value in 2017
US$M
Target in
2022 Value
US$M)
Total
Increase in
2022 U$M
Herbs and Spices
Including pepper mash) 14.5 3.625
14 20 9.63
Food preps Including
condiments/sauces/
soups/
100 10
29.1 60 40.90
Essentials oils /soaps
/perfumery/ Tioleteries 5
61 80 19.00
Teas (excluding herbals) 11.5 2.875 1 5 6.88
Alcoholic beverages 285 5.7 n/a 5 10.70
Non-Alcoholic beverages 95 4.75 n/a 10 14.75
Bakery products 5 n/a 5 10
TOTAL 506 31.95 105.1 185 111.85

4. INNOVATIONS
INNOVATION
AREA
PROBLEM/
OPPORTUNITY
INNOVATIVE
SOLUTIONS
STAGE OF
IMMPLENTATION
INSTITUTIONAL
CABA as a Not-For-Profit
company with no public
sector financing, very
limited and uncertain
grants,-cannot attract
private sector investment
to implement it strategy.
Identify aspect of the
strategy that can attract
private sector investment
and establish For-"Profit
Company" to implement
those projects and
generate revenue to
support CABA's
development projects.
Caribbean Agribusiness
Development Company
(CADCO) established
with group of private
individuals (from young
to retirees)
POLICY
Inadequate policies and
strategies for the
elimination of povery and
hunger
Use comparative
agribusiness advantages of
the community , to
establish community
owned sustainable
business ventures to assist
in the eradication of
household hunger and
poverty and engender
sustainable community
development.
FAO agree to support
CABA in its “Sustainable
Community
Development Through
Agribusiness” (SC-D-TA)
programme, aimed at
the establishment of
sustainable community
development projects
e.g Pomeroon project,
Freeport Cassava Peeling
Project.

5. INNOVATION
AREA
PROBLEM/
OPPORTUNITY
INNOVATIVE SOLUTIONS STAGE OF
IMMPLENTATION
MARKET/
DEMAND
SIDE
1. High barriers to
entry into traditional
markets.
2. Very limited funds
for promotion &
market development
1. Find new channels
through E-commerce
2.Establish company to
undertake collective
marketing by SME's.
3. Make it easy for
stakeholders to find and
communicate with
buyers & suppliers.
4.Promote food
&cuisine more
intimately and
innovatively with sports
and music.
1. on-line shop "my
Caribbean Shop.com"
established and will be
operational by end of 2017.
2. New SME owned
company Caribbean
Agribusiness Export
Company (CABEXCO)
established and operational.
3. Agribusiness directory
cabacaribbean.com
established and functional
with over 350 firms already
registered.
4. CADCO/CABA Caribbean
Food & Things Annual
Showdown in advance stage
of planning with strategic
foreign partners.

6. INNOVATION
AREA
PROBLEM/
OPPORTUNITY
INNOVATIVE
SOLUTIONS
STAGE OF
IMMPLENTATION
SUPPLY SIDE
1. Disorganised,
unreliable and
uncertified small
farmer. 2. Lack of
Access to certified
processing infra-
structure
1. Establishment of
certified farmer
clusters under
contractual
arrangements backed
with technical
support.
2. Promotion of the
establishment of certified
contract processing
Centres
1. Several such
farmer groups
established in
Trinidad with
contracts for
processing centre.
Detailed plan
developed for the
PEPA in Guyana.
2. Business plan
prepared and
investment been
sought for first one in
Trinidad

7. INNOVATION
AREA
PROBLEM/
OPPORTUNITY
INNOVATIVE
SOLUTIONS
STAGE OF
IMMPLENTATION
INFORMATIO
N
KNOWLEDGE
& EDUCATION
1. Inadequate access to
planning and trading
information.
2. Inadequate technical
knowledge and lack of
formal recognition for
knowledge &
experience gained on
the job by farmers and
agro processors
1. Establish comprehensive
on-line agribusiness
information service.
2. Establish internationally
recognized Industry led on-
line training and certification
programme that will allow
stakeholders to conveniently
and affordably increase
knowledge and skills and
obtain formal recognition.
3.Increase capacity of
stakeholders to
communicate and share
information
1. CARICOM established
agricarib.org and been
supported by CABA.
2.
CADCO/ CABA
.agrieducate.com
website established and
agreement reached with
USA based International
Business Training
Association (IBTA)
3.CADCO's talkagri.com
social media network
established and
operational.

8. INNOVATION
AREA
PROBLEM/
OPPORTUNITY
INNOVATIVE
SOLUTIONS
STAGE OF
IMMPLENTATION
INVESTMENTS Difficulty in attracting
investment
particularly in primary
production and in
SME firms as
government
investment
promotion agencies
lacks the required
capacity.
Establish private sector
firm dedicated to
promoting investment in
the sector using innovative
methods to attract
investors.
CADCO committed to
this objective and has
begun to use
innovative strategies
such as' active search"
"service for equity" ,
"product for equity"
and "shark tank
pitches" to identify
firms in need and
provide innovative
equity and debt
financing. 10 projects
are now been pursued
in 5 Caribbean