IN a significant move to diversify and strengthen its coconut industry, the Government of Guyana has joined hands with the Government of the Republic of Indonesia to chart a new course for coconut by-product development.

On Tuesday, this partnership was formalised when Chief Executive Officer of the National Agricultural Research and Extension Institute (NAREI), Mr. Jagnarine Singh, signed a framework agreement on behalf of the Government of Guyana. The signing ceremony brought together Indonesian research scientists Dr. Ester Edwar and Mr. Dedy Rahamad, along with Ms. Annisa Sophianny from the Indonesian Embassy in Suriname and technical staff from NAREI for discussions on the way forward.

Through this collaboration, a comprehensive feasibility study will be conducted to explore the establishment of a business incubator unit dedicated to coconut by-products. This initiative aims to expand the coconut industry beyond its traditional staples of water and oil, unlocking new opportunities for value addition.

For years, NAREI has been working closely with coconut farmers across Guyana through its Coconut Research Unit and its specialised teams in Plant Pathology, Entomology, and Weed Science. These efforts have helped drive the expansion of new coconut estates and the revitalisation of older plantations, breathing new life into an industry with immense potential.
Now, the focus is on what comes next. With local farmers and agro-processors already reaping the benefits of coconut water and oil production, there remains a wealth of untapped possibilities—from coconut flour and activated charcoal to eco-friendly products like biodegradable utensils and coir-based items.

The feasibility study will assess technical, operational, and economic aspects of developing a robust coconut derivatives sector in Guyana. It will also provide initial training to pave the way for a full-fledged business incubator that can support innovation and entrepreneurship in this niche industry.

Once realised, the incubator will directly benefit coconut farmers, agro-processors, NAREI’s Coconut Research Unit staff, and the Hope Coconut Industries—creating opportunities for jobs, exports, and greater sustainability within the sector.

By partnering with Indonesia—a country renowned for its thriving coconut industry—Guyana is taking a proactive step towards transforming its abundant coconut resources into a source of added value for its people and economy.

As discussions progress, stakeholders are optimistic that this venture will mark a new chapter in Guyana’s agricultural diversification, creating not just new products, but new prospects for growth and resilience.