In response to escalating global wheat prices, the Government, through the Ministry of Trade and Industry (MTI), has extended support to local producers of alternatives to wheat flour to encourage domestic production.
Accordingly, Minister of Trade and Industry Paula Gopee-Scoon yesterday said funding under the Grant Fund Facility will now be made available for 75 per cent, up to a maximum of $340,000 (approximately US$50,000), of the cost of new machinery and equipment being acquired to manufacture alternatives to wheat flour.
“The Government remains committed to ensuring all avenues are explored in minimising the impact of rising food prices, which is outside of Trinidad and Tobago’s control and symptomatic of the ongoing global food crisis among a myriad of other factors,” Gopee-Scoon said in a statement released via her ministry.
“Notwithstanding the announcement by main local wheat flour producers that the price increase on the domestic market is temporary, the situation presents an opportunity for all producers of alternatives to wheat flour.”
The ministry said it is anticipating that grant funding will create opportunities for new producers of flour using alternative sources, particularly locally sourced root crops, as well as bring about an increase in the overall production of alternatives to wheat flour.
These include coconut, sweet potato, dasheen, cassava, breadfruit, plantain and pigeon peas flour, and other non-locally sourced options such as oat flour and cornmeal/corn flour.
The initiative complements the current efforts of the National Marketing Development Corporation (NAMDEVCO), which continues to encourage the public to use root-crop flour as an alternative to wheat flour.
Although wheat flour alternatives may not be cheaper than wheat flour in the short-term, it is expected that the concomitant increase in the supply of root-crop alternatives will result in overall lower prices to consumers.
According to the Ministry of Health’s Nutrition and Metabolism Division, the many alternatives are also associated with greater levels of nutrition (iron, protein, fats, vitamins and fibre) and linked to lower cholesterol, reducing the risk of hypertension, cardiovascular diseases, diabetes and other non-communicable diseases.
Large-scale production of these alternative flours has the potential to increase the nation’s food security, promote local output and contribute to a healthier nation, the ministry said. The ministry pointed out that the opportunity is not only available to current food processors but also farmers of the various root crops, who, with the necessary machinery and equipment, will now be in a position to process and produce alternatives to wheat flour to satisfy local and even regional demand.
The current Grant Fund Facility (GFF) provides local, small and medium-sized local firms with access to financing for new machinery and equipment to improve their productivity and competitiveness, create more innovative, high-value products, and increase exports and penetrate extra-regional markets.
This covers a wide range of sectors, namely: Financial services, Maritime services, Aviation services, Fishing and fish processing, Software design and applications, Creative Industries, Agriculture and agro-processing and Manufacturing. To date, more than $4 million has been awarded to producers across these varying sub-sectors.