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IDB gives US$500,000 to coconut farmers

May 27, 2014 News

Recently, the Inter Development Bank (IDB) donated US$500,000 to a registered group of cash crop farmers within the Marlborough, Lower Pomeroon area. The money is to help them to find markets for bottled coconut water.
Coconut water is in demand, a spokesperson for the group has indicated. A portion of the grant would be invested in purchasing three excavators to help farmers transport their products from the back dam.
The group would be partnering with the Virgin Caribbean Group by providing the coconuts to the partnering group. The latter would take on the onus of extracting the water from the coconuts and bottling the product for export to an intended company in Trinidad.
Only recently, a section of cash crop farmers from communities in the Pomeroon River, Supenaam and Mainstay, was encouraged by members of The Guyana Agricultural Producers Association (GAPA) to transform themselves into groups in order to gain recognition, which would further enable efficient marketing of their produce.
Farmers, especially in the Pomeroon River, have cited flooding, which resulted from poor drainage, as one of their main challenges.

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