Report Published: "Caribbean Food & Drink Report Q1 2014"

The consequences of the global economic downturn, which severely affected the region in 2009-2011, still haunt most of the Caribbean economies. A difficult fiscal situation, slowly recovering tourist arrivals and global crackdown on offshore financial centres, which were profoundly important to the region, will weigh on the economic recovery and consumer spending over the forecast period. However, longer term opportunities will be present, especially in those markets which are undergoing significant structural reforms.

Headline Industry Data

Forecast 2013 food consumption growth (local currency):

* Bahamas: +1.7%
* Barbados: +2.7%
* Dominican Republic: +3.9%
* Jamaica: +6.2%
* Puerto Rico: +2.3%
* Trinidad & Tobago: +2.6%

Forecast food consumption compound annual growth rate 2012 to 2017 (local currency):

* Bahamas: +2.1%
* Barbados: +2.6%
* Dominican Republic: +5.7%
* Jamaica: +6.3%
* Puerto Rico: +3.8%
* Trinidad & Tobago: +3.1%

Full Report Details at
- http://www.fastmr.com/prod/723438_caribbean_food_drink_report_q1_2014.aspx?afid=301

Key Company Trends

Angostura Introduces Ultra-Premium Rum: Trinidad & Tobago-based drinks company The House of Angostura (Angostura), one of the largest alcoholic drink producers in the Caribbean, has introduced anew ultra-premium rum. Legacy by Angostura, with only 20 limited edition bottles produced, will each sell for US$25,000. Angostura, a subsidiary of Trinidadian conglomerate CL Financial, has been looking to market the rum as a premium drink, while highlighting its Caribbean heritage.

Heineken Increases Investments in Haiti: In April 2013, global brewing giant Heineken announced that it will be investing over U$40mn in the coming years to upgrade and expand the Brasserie Nationale d'Haiti (BRANA) brewery in Port-au-Prince, Haiti. A part of the investment will include funding for regional programmes to build the capacity of smallholder farmers. Heineken employs more than 1,200 people in Haiti, and by 2018 the company plans to have given significant economic support to local farmers through sourcing their sorghum for use in packaging.

Key Risks To Outlook

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