The Ministry of Agriculture and the Caribbean Agricultural Research and Development Institute (CARDI) are researching ways to tap into the multibillion-dollar global spice industry by introducing authentic Bahamian goat pepper to international trade markets.
In fact, Country Representative for CARDI Michele Singh said The Bahamas could generate millions in revenue from exports of goat pepper seeds alone.
“It’s a lucrative business opportunity as well as it brings the food sovereignty back to The Bahamas, because you want to preserve and reserve what is authentically Bahamian,” Singh told Guardian Business at the Bahamas National Agri-Business Expo 2019 on Gladstone Road yesterday.
“Bahamian mutton, Bahamian goat peppers, those are things that Bahamians can claim.”
Globally the spice and herb extracts market was valued at $6.9 billion in 2017 and is expanding, with chilis and hot peppers leading the market.
While large countries like China, India and Vietnam currently lead the supply side of spice production, Singh said she believes there is a significant scope for small and medium-sized exporters to enter the market.
She said all that’s needed is sufficient goat pepper farmers in The Bahamas.
“The Ministry of Agriculture and CARDI are developing this hot pepper industry using the Bahamian goat pepper,” she said.
“And we want to encourage people who think they have the original Bahamian goat peppers to come forward so that we can develop the project and do the research, because a lot of the peppers you see that are being sold as goat peppers are actually habanero peppers, so the Bahamian goat pepper flavor profile is being lost.”
Paige started working as a business reporter in August 2016.
Education: Palm Beach Atlantic University in 2006 with a BA in Radio and Television News
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