Starch World Americas,

13-14 Jun, 2017 - Foz do Iguaçu, BRAZIL

Mabu Interludium Iguassu Convention

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  • Industry Partner
    www.embrapa.br
  • Industry Partner
    www.sbcta.org.br
  • Supported by
    www.acta.org.co
  • Associate Sponsor
    www.cmtevents.com/eventsponsorship.aspx?ev=170613&
  • Coffee Break Reception Sponsor
    www.cmtevents.com/eventsponsorship.aspx?ev=170613&
  • Exhibitor
    www.cmtevents.com/eventexhibition.aspx?ev=170613&
  • Exhibitor
    www.cmtevents.com/eventexhibition.aspx?ev=170613&
  • Promotion Partner
    www.epagri.sc.gov.br
  • Promotion Partner
    www.starchpros.com
  • Promotion Partner
    www.euromonitor.com

News Feed

Red Stripe gets millions in IDB funding to grow cassava

Posted on : 18 Jan, 2017

 

United Nations Food and Agricultural Organization estimates that the global cassava production is set to accelerate over the current decade on account of demand for starch and other related products. This presents a great opportunity for millions of cassava growers to intensify production.

 

Project Grow – a Red Stripe's local raw materials sourcing initiative – has been awarded a US$814,417 grant by the Inter-American Development Bank (IDB).

 

The funding is expected to be used to train 1000 young people in cassava crop production as part of Project Grow. It plans to build a network of 200 SMEs.

 

Through this project, Jamaica can aim to reduce its high import bill of high maltose corn syrup (HMCS). Red Stripe aims to substitute 40 per cent of its HMCS imports with cassava starch by 2019. However, to achieve this mammoth target, 65,000 metric tons of tubers (roots) annually will be required. Currently, Jamaica’s national production itself stands at a meagre 17,300 metric tons.  

 

Once there is enough expansion in cassava production, the high maltose corn syrup (HMCS) can be replaced with locally sourced cassava starch in the brewing process.

 

Red Stripe aims to ensure a year-round supply of cassava, which will be industrially processed to brew its iconic Red Stripe beer.

 

The IDB technical agreement will be until 2018 and with Desnoes and Geddes Foundation investing US$4.01 million.

 

More on South America’s cassava starch prospects at Starch World Americas on 13-14 June, 2017 in Foz do Iguaçu.

 

Find out more from Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.

 

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