British investor bets big on local coconut industry

Another slop can post, coconut industry have been booming for quite a few years now under the PPP. These pariahs are only now coming in to capitalize on what is already there.  Please note DG this is not a new investment or development under the PNc. 

Duncan Turnbull will put up stiff competition with Alphro Alphonso and his Pomeroon supply chain. But I suppose Turnbull's market will be overseas.

Drugb posted:

Another slop can post, coconut industry have been booming for quite a few years now under the PPP. These pariahs are only now coming in to capitalize on what is already there.  Please note DG this is not a new investment or development under the PNc. 

It surely is not a new development, DrugB.

As noted on relevant GNI topics, my parents had estates in the Pomeroon River where numerous products including coconuts were cultivated.

The coconut industry existed for ages and one can view this initiative as a continuation of the progress.

British group makes massive investment in local coconut industry

 Nov 06, 2017  News 0 Comments

Having recognised the lucrative future of Guyana’s coconut industry, British businessman, Duncan Turnbull and his partners have invested in a 1000-acre estate in the Pomeroon River.
Turnbull aims to use technology to transform the Guyanese Coconut Industry. The company, Pomeroon Trading Inc., is currently rehabilitating the estate, which was leased from the Stoll family.
The company is planting 5000 trees every month and experimenting with innovative intercropping techniques. The National Agricultural Research and Extension Institute (NAREI)’s Chief Executive Officer, Dr. Oudho Homenauth was more than happy to welcome the investors to Guyana, since it will boost the coconut industry. Dr. Homenauth explained that NAREI has been promoting the local coconut industry and encouraging persons to invest in advanced operations.
A lot of promotional activities were done at the Coconut Festival held in October 2016. “I met with these guys when they just took over the Stoll estate from the family. The 1000 acres, which is very significant for the Pomeroon, was operating under capacity. It used to be flourishing, but with the decline of the industry years ago, it became semi-abandoned,” NAREI’s CEO said.

An aerial view of the 1000 acre coconut estate

He indicated that Turnbull and his partners started in the right way.
“They are rehabilitating the current estate as well as doing some replanting. It’s an investment we welcome. I believe that they will help the estate reach its true potential.” NAREI will be assisting the company in selecting the planting materials that are more suitable for the Pomeroon area and providing training to its 30 workers.
“Our nursery at Charity will be supplying them with planting materials and partnering with them on pioneering new intercrops that, to date, have not achieved scale in Guyana. The company is looking at crops that will have market value both locally and internationally,” Dr. Homenauth said. “Pomeroon Trading Inc. seems to be very progressive and they have the necessary finances to do so and that is why we are going to be partnering with them,” NAREI’s CEO said. Meanwhile, the British businessman said that the company has secured sizeable investment from Europe to pour 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.” Additionally, Turnbull said that the estate is building a coconut seedling nursery, which will produce a consistent supply of high-quality seedlings, thereby tackling one of the most severe challenges faced by the local coconut industry.
“Existing estates are often ageing and unproductive: without the right planting materials, the industry cannot revitalise,” Turnbull said. He argues that the global coconut industry is at a critical junction with a rising demand for the commodity due to increased awareness of its health benefits, and stagnant supply from the established exporters.

good investment

So when oil dollars start to flow what will happen to the coconut industry? You know dem this can't do two things at a time.

Bibi Haniffa posted:

So when oil dollars start to flow what will happen to the coconut industry? You know dem this can't do two things at a time.

is the British company also in charge of oil?

RiffRaff posted:

Bibi Haniffa posted:

So when oil dollars start to flow what will happen to the coconut industry? You know dem this can't do two things at a time.

is the British company also in charge of oil?

No. But the govt is overseeing both.  Chewing gum and walking at the same time would be like sending Neil Armstrong to the moon for them.  Explain to me why the Brits have to do this.  Coconut tree does grow in England?  Turnbull borrow money from somebody in Europe to grow this business.  Guyanese should be doing this themselves and cut out the middle man.

RiffRaff posted:

Bibi Haniffa posted:

So when oil dollars start to flow what will happen to the coconut industry? You know dem this can't do two things at a time.

is the British company also in charge of oil?

yep....Coconut Oil 

Bibi Haniffa posted:

RiffRaff posted:

Bibi Haniffa posted:

So when oil dollars start to flow what will happen to the coconut industry? You know dem this can't do two things at a time.

is the British company also in charge of oil?

No. But the govt is overseeing both.  Chewing gum and walking at the same time would be like sending Neil Armstrong to the moon for them.  Explain to me why the Brits have to do this.  Coconut tree does grow in England?  Turnbull borrow money from somebody in Europe to grow this business.  Guyanese should be doing this themselves and cut out the middle man.

Well...if Guyanese cant do this...the others will

RiffRaff posted:

good investment

He bought what was already there.  It's just recycled business. You pnc boys quick to jump up and shout progress.

Drugb posted:

RiffRaff posted:

good investment

He bought what was already there.  It's just recycled business. You pnc boys quick to jump up and shout progress.

I am not a pnc boy...all I said is that it was a good investment...just calm yuself down

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

RiffRaff posted:

Drugb posted:

RiffRaff posted:

good investment

He bought what was already there.  It's just recycled business. You pnc boys quick to jump up and shout progress.

I am not a pnc boy...all I said is that it was a good investment...just calm yuself down

Am!!! Never mind.

Again. Every time we read of something positive coming out of Guyana some of these morons are quick to speak against it, they don't care for their own people, sad.

I remember what I was taught in school that every part of a coconut tree can be useful for something. Investing in coconut business is a viable investment in any market today as was yesterday. 

Drugb posted:

RiffRaff posted:

good investment

He bought what was already there.  It's just recycled business. You pnc boys quick to jump up and shout progress.

Turnbull is leasing an estate that was close to being abandoned from some family friends. They are investing huge sums of money to get the place up and running again as a profitable business. It's investment that is sorely needed in Guyana and it will provide jobs for the residents. More investment and jobs equal to progress.

Drugb posted:

Another slop can post, coconut industry have been booming for quite a few years now under the PPP. These pariahs are only now coming in to capitalize on what is already there.  Please note DG this is not a new investment or development under the PNc. 

shut up fool its a investment good for the country regardless who in power

Drugb posted:

Another slop can post, coconut industry have been booming for quite a few years now under the PPP.

Yes selling raw coconuts to T&T and having them process it and sell these value added products back to Guyana.  That is PPP "progress".

And in fact Guyana isn't even meeting the demand for this product so expanded production is appropriate.

Druggie it isn't a mall selling fries and burgers so you don't see it as "progress".

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

What the hell you talking about, the coconut estate was there before this english fellow arrived. He just bought it. He didn't develop or introduce any new business. 

Drugb posted:

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

What the hell you talking about, the coconut estate was there before this english fellow arrived. He just bought it. He didn't develop or introduce any new business. 

DumbNumbNuts, did you even read the article? the article specifically states the fellow is improving and rehabilitating the estate. 5000 trees are being planted per month. Obviously when land runs out..no more trees are planted unless he gets more land.

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

The PNC calls it :Signing Bonus, ie: $20 million US dollars to sign Oil contract. Where is the money??? ask Trotman, in charge of thieving OIL Money.

Drugb posted:

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

What the hell you talking about, the coconut estate was there before this english fellow arrived. He just bought it. He didn't develop or introduce any new business. 

How far up your poop chute you had your head?

kp posted:

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

The PNC calls it :Signing Bonus, ie: $20 million US dollars to sign Oil contract. Where is the money??? ask Trotman, in charge of thieving OIL Money.

We talking 'bout coconuts. Oil contract got e own thread.

Cain, can you peel a dry coconut on a crowbar? 

Anything is possible. Why you got one you working on?

These guys are hoping to find out the same thing that Stoll found out, what Fro and Ramoutar are currently finding out. Good luck to them though!

cain posted:

Drugb posted:

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

What the hell you talking about, the coconut estate was there before this english fellow arrived. He just bought it. He didn't develop or introduce any new business. 

DumbNumbNuts, did you even read the article? the article specifically states the fellow is improving and rehabilitating the estate. 5000 trees are being planted per month. Obviously when land runs out..no more trees are planted unless he gets more land.

I don't expect a putagee numnut to understand that a coconut tree takes 6 to 10 years to bear fruit. Jackass.  These guys will pack their bags an leave when coconuts go out of fashion. Right now it is a fad, lets see how long this fad lasts. 

Zed posted:

These guys are hoping to find out the same thing that Stoll found out, what Fro and Ramoutar are currently finding out. Good luck to them though!

 

There are good opportunities in coconuts. I actualy had a deal to supply a Belgium company with as many containers as I could. They were getting their supplies from Cochin, India but the needed much more. Something to do with the enviroment in Belgium.

The thing that killed the deal was the transportation cost and the alternate routes from Guyana to Belgium.

Copra was needed in neighbouring Brazil as well, but the cost of shipping was prohibitive. 

As it is said, it is easy to manufacture products for sale, but selling it is a different matter.

I am certain Turnbull must looked into shipping, maybe he has a secured market with a lucrative pricing structure.

Drugb posted:

cain posted:

Drugb posted:

cain posted:

If was during PPP time dem boys woulda want their palms greased and the English fella would have walked away. At least now there is something more than Sugar an rice.

What the hell you talking about, the coconut estate was there before this english fellow arrived. He just bought it. He didn't develop or introduce any new business. 

DumbNumbNuts, did you even read the article? the article specifically states the fellow is improving and rehabilitating the estate. 5000 trees are being planted per month. Obviously when land runs out..no more trees are planted unless he gets more land.

I don't expect a putagee numnut to understand that a coconut tree takes 6 to 10 years to bear fruit. Jackass.  These guys will pack their bags an leave when coconuts go out of fashion. Right now it is a fad, lets see how long this fad lasts. 

Is how many years now you are at the same job for the same pay and no indication of upward movement but out?

Your comment speaks volumes of your ignorance and stupidity.

Guyana will get Chaan-Chee out of this investment. 

Billy Ram Balgobin posted:

Guyana will get Chaan-Chee out of this investment. 

What will they do with the Chaan-Chee if they don't have sugar to eat it with? Good thing will go to waste.

skeldon_man posted:

Billy Ram Balgobin posted:

Guyana will get Chaan-Chee out of this investment. 

What will they do with the Chaan-Chee if they don't have sugar to eat it with? Good thing will go to waste.

Can be converted to fish food or bio fuel.

Billy Ram Balgobin posted:

Guyana will get Chaan-Chee out of this investment. 

Are you saying that jobs and capital investment and it's resulting multiplier effect amount to nothing?

Mitwah posted:

skeldon_man posted:

Billy Ram Balgobin posted:

Guyana will get Chaan-Chee out of this investment. 

What will they do with the Chaan-Chee if they don't have sugar to eat it with? Good thing will go to waste.

Can be converted to fish food or bio fuel.

Good point. It probably can be packaged and sold as high energy snacks.

skeldon_man posted:

Billy Ram Balgobin posted:

Guyana will get Chaan-Chee out of this investment. 

What will they do with the Chaan-Chee if they don't have sugar to eat it with? Good thing will go to waste.

The will feed ducks with it. Hope we can get Guyanese plucked Ducks in our local markets in Toronto and NY.

Mars posted:

Billy Ram Balgobin posted:

Guyana will get Chaan-Chee out of this investment. 

Are you saying that jobs and capital investment and it's resulting multiplier effect amount to nothing?

They might pay nothing in taxes for years claiming that they are running at a loss like Guysuco.

people being employed

RiffRaff posted:

people being employed

dankey cart employment, no better than cane cutting.