Suggestion for diversification

THE EDITOR: Over the Christmas season the discussion of foreign exchange popped up again. With many pointing fingers and complaining about how we spend too much on imported items, from grapes to fireworks. One item that has escaped attention is chocolate. It is consumed in inordinate amounts generally throughout the year, though especially around the holidays, with many people using it in baking or making drinks. The issue, though, is that it is mostly in the form of imported chips, bars and powder that use up scarce foreign exchange. This can be rectified by establishing an integrated cocoa processing facility, such as those used by large-scale producers like Nestle, Hershey's and Cargill. This will not only reduce the cost of the above mentioned items, but also provide a market for our milk and local cocoa producers, along with creating a potential export industry. ANDRE ARAUJO via e-mail The post Suggestion for diversification appeared first on Trinidad and Tobago Newsday.

Rubriques :

Suggestion for diversification

Articles similaires

Tariffs Are Wealth Destroyers – OpEd

The Transformation Of Ukraine’s Arms Industry Amid War With Russia – Analysis

Nutrimix CEO calls for adequate forex allocation

Japan: Strong Reactions To A Weak Yen Shake Economy – Analysis

Chambers wish PM the best as he sets to resign March 16

West African Climate Crisis Raises Cocoa Prices, Hurting European Chocolatiers

Diana Shipping announces time charter contract for m/v Myrsini with Cargill

Unorthodoxy: the new normal

Military museum, CDA exchange fire

Burning Questions Over Indonesia’s Cooking Transition – Analysis

Les derniers communiqués