On November 4, 2017, the Amendment to Belize’s Misuse of Drugs Act effectively eliminated industrial hemp from the list of controlled substances, thus opening the door for hemp cultivation, and subsequent value-addition mainly for export. Since the new Amendment, BelizeINVEST, a unit of BELTRAIDE, has received several hemp investment interests seeking to develop hemp-based products such as oils, protein-rich powders, textiles, Cannabidiol (CBD), among others.Continue reading “Industrial Hemp: A New Investment Prospect in Belize”
Naledo Belize Ltd. is one of the world’s first manufacturers of fresh turmeric paste. Owned by Ms. Umeeda Switlo and established in 2016, the company produces a high-quality turmeric paste from a yellow ginger base, which is processed from farm to shelf in the Toledo District in southern Belize. The company uses as much locally sourced ingredients in its paste, including limes, cold-pressed coconut oil and black pepper. In little over two years, Naledo Belize Ltd. has produced over 30,000 bottles of yellow ginger paste, under the trademark, “truly Turmeric”. The company started by exporting to Canada and from then has expanded to the Bahamas and the United States.
The company, structured with the principles of a social enterprise, operates by its creed “Better Business, Better Lives”. The company buys from a network of approved growers, young and old, who do not use pesticides or herbicides, and grow the yellow ginger sustainably in and amongst other crops in the forest. “We have registered over 200 growers with our company to ensure we can meet the demands of our Truly Turmeric in 2017 and forward” said Ms. Switlo.
Through these practices, the company produces a high-quality product using artisanal methods, which produces a distinctive product made in small batches, giving Truly Turmeric a unique place on Canadian specialty food stores. In 2017, Naledo Belize Ltd. increased its production capacity by at least eight-fold to access new markets in the USA, CARICOM and other parts of the world, continuing its quest to bring Belizean Truly Turmeric from our farm to their shelves. Truly Turmeric aims to continue focusing in Toledo, contributing to its economic development and export diversification.
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