The Supermarket Association of Trinidad and Tobago has said its membership is facing a balancing act concerning the importation of food.
President of the association, Biondi Bachew, said most of his members go to the import market in a bid to provide affordability and accessibility to consumers, but stressed that the local agriculture sector needed support to help offset the rising cost of living.
This country’s food import bill has continued to rise, while consumers have also complained about the rising costs of groceries.
These concerns would have only increased given various geopolitical and supply chain challenges, which threaten to push prices up further, but Bachew defended the decision to import products by supermarkets.
“Imports help us manage the balance between affordability and choice, which is vital for households already grappling with the cost of living. Striking the balance, the real challenge then is balance,” he said at the opening of the Caribbean Food & Beverage Trade Show at the Centre of Excellence in Macoya yesterday.
Bachew acknowledged the call to reduce the food import bill, but said the necessary machinery must be put in place for the agriculture sector to thrive in the country.
He said, “We must continue to import smartly and strategically while aggressively supporting our local manufacturers and farmers. This means creating a system where imports are leveraged to stabilise the market but local producers are given the policy support, investment and distribution options to thrive.”
The trade show was singled out by Agriculture Minister Ravi Ratiram as a step towards improving food security in T&T.
He said, “We recognise that building resilience in agriculture requires more than just production, it requires partnership, innovation and opportunities such as this opportunity created this morning, where farmers, processors and entrepreneurs can connect with markets and establish sustainable business linkages.”
The two-day event, hosted by the Supermarket Association of Trinidad and Tobago, is set to continue today.
—PETER CHRISTOPHER