Bounty Farms gets ap­proval for re­gional poul­try trade

Stabroek News Sunday - - WORLD NEWS -

Bounty Farms Lim­ited has re­ceived ap­proval for the trade of poul­try and poul­try prod­ucts in Cari­com mem­ber states but has no plans as yet to expand or in­crease pro­duc­tion, ac­cord­ing to Managing Di­rec­tor Pa­trick de Groot.

Last month, Cari­com an­nounced that nine poul­try pro­cess­ing plants from Bar­ba­dos, Be­lize, Guyana, Ja­maica, Suri­name, and Trinidad and Tobago had been ap­proved for trade among mem­ber states, af­ter they were eval­u­ated by Re­gional Risk Assess­ments Teams and met the san­i­tary re­quire­ments.

de Groot con­firmed to Stabroek News that Bounty Farms is the com­pany from Guyana that has been given per­mis­sion to trade re­gion­ally.

“We are cleared to ex­port chicken but all the coun­tries with a big mar­ket are already self-suf­fi­cient with chicken, such as Trinidad and Tobago, Bar­ba­dos, Ja­maica and Be­lize… and will not re­quire from Guyana,” de Groot ex­plained.

With re­spect to the smaller coun­tries in the Caribbean, he ex­plained that most of them do not have any im­port du­ties, so they choose to im­port cheap chicken from the United States and other coun­tries.

“…So they are not go­ing to buy chicken from Guyana be­cause ours are go­ing to be a lot more ex­pen­sive. It’s not easy. We are now go­ing to start ex­plor­ing it,” he said, while point­ing out that when the com­pany starts ven­tur­ing into the re­gional mar­ket, it will fo­cus on the “small, niche mar­kets.”

Apart from sat­is­fy­ing the local mar­ket, the com­pany is cur­rently ex­port­ing a small amount of chicken to Suri­name.

de Groot said that the com­pany is happy to be pre­sented with the op­por­tu­nity to be able to tap into the re­gional mar­ket and should the need arise, it will be there to ful­fill any short­age. “We have to wait on them to ap­proach and we are still do­ing re­search and see­ing how the mar­ket goes, see­ing where there are any mar­kets but the pro­duc­tion will still be the same,” he noted.

Even though the large coun­tries are self-suf­fi­cient, de Groot ex­plained that there are spe­cial oc­ca­sions when the de­mand will be high, which is when Guyana will be able to tap into the re­gional mar­ket.

“The whole thing is the coun­tries that are self-suf­fi­cient, if they have a short­fall in chicken, then they will source from within the Caribbean, rather than sourc­ing it from out­side. Un­til they have a short­fall, we are not go­ing to be ex­port­ing,” he ex­plained.

While Bounty Farms is the only poul­try farm from the coun­try that has been cleared for trade, de Groot con­firmed that most of the other larger Caribbean coun­tries have seen mul­ti­ple poul­try farms be­ing cleared for the in­tra-re­gional trade. “There are a lot of com­pa­nies and Bounty is the only one in Guyana. There are about three in Trinidad, two in Bar­ba­dos and Ja­maica and I be­lieve Be­lize too,” he stated.

In terms of the local mar­ket, de Groot said that the com­pany is per­form­ing very well and he as­sured the pub­lic that there would be no short­age of chicken dur­ing the Christ­mas sea­son.

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