Prime Minister of Grenada welcomes greater private sector involvement in developing nutmeg industry

The National Coordinating Committee is tasked with making the nutmeg sector development strategy a reality, using a participatory methodology and monitoring its implementation. It's members include representatives of farmers, processors, the Ministry of Agriculture, the Grenada Cooperative Nutmeg Association, The Ministry of Trade and the Inter-American Institute for Cooperation on Agriculture (IICA), among other key national agencies.

The strategy provides an avenue for the private and public sectors to work together to further develop the industry and thus benefit farmers and the Grenadian economy. The Prime Minister expressed a view that a more entrepreneurial approach to adding value is needed so as to maximise benefits from this very important commodity.

ITC's Advisor for Value Chain and Strategy Development for Grenada’s Nutmeg Industry, Hernan A. Manson, believes Grenada has an excellent opportunity to position itself as one of the leading suppliers of high quality nutmeg products in the world.

“What is unique about this strategy is that it involves a bottom-up approach to the management and enhancement of the industry. It is therefore critically important that the necessary support is given to achieve the desired outcomes of this strategy,” he said.

Mr. Manson expanded by noting how the fact that the strategy was developed by Grenadians for Grenada, gives it the necessary ownership among stakeholders and a better than average chance of success for its continued implementation.

The Grenada Nutmeg Sector Development Strategy is designed to achieve the long term sustainability of the industry, reinforce market information to enable better decision making, increase the quality and quantity of the commodity, improve private and farmer sector governance, enable better access to finance and risk management and improve cross ministry coordination and public private partnerships to improve policy making.