For over 100 years, cocoa has been a driving force behind commercial agriculture in Papua New Guinea. But until now there has been little local use of PNG cocoa; instead, large quantities have been exported. In 2011, Paradise Foods Limited embarked on a new project to process PNG-grown cocoa beans into world-class single-origin chocolate couverture, investing in the establishment of a pilot plant in Port Moresby.
Papua New Guinea isn’t just a producer of mineral and agricultural commodities. As its economy grows, so does a substantial manufacturing sector.
Paradise Foods Limited is Papua New Guinea’s oldest established food manufacturer, with operations dating back to the early 1930s.
Papua New Guinea’s produce and products continue to find new markets overseas.
With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future.