Betting on the future of Guyana’s coconut industry, a British businessman and his partners have invested in a 1,000-acre estate in the Pomeroon River.
According to the National Agricultural Research and Extension Institute (NAREI), Duncan Turnbull aims to use technology to improve the value chain and transform the Guyanese coconut industry. His company, Pomeroon Trading Inc., is currently rehabilitating the estate, where it is planting 5,000 trees every month and experimenting with innovative intercropping techniques.
Turnbull said that the company has secured sizeable investment from Europe to channel into the local industry. “We’ll be setting up a project to train more women to join the workforce and partnering with local schools on an education project,” he was quoted as saying in a NAREI press release that was issued yesterday on the project.