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Local spice farmers are to benefit from increased access to financing to expand their operations and boost productivity.

The support is being provided under the United States Department of Agriculture (USDA), Food for Progress Jamaica Spices (JaSPICE) Project, which targets the revitalisation of the turmeric, ginger, and pimento value chains.

The Local Umbrella Agreement for Tripartite Value Chain Financing, which falls under component four of the project, was signed on Thursday (Nov. 23) at the Terra Nova Hotel in Kingston.

Addressing the signing ceremony, Minister...

Minister of Agriculture, Fisheries and Mining, Hon. Floyd Green, said significant income generating potential exist in Jamaica’s spices sector.

Minister Green, speaking during the ceremonial signing of the Local Umbrella Agreement for Tripartite Value Chain Financing for the Spices Sector at the Terra Nova All-Suite Hotel in St. Andrew on Thursday, November 21, outlined that opportunities exist for Jamaica to increase its market share of ginger, turmeric, and pimento.

“The United States imported over 112,000 tonnes of ginger, spending US $165 million. 57% of that came from a...