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QEDN - Dinero Magazine writes about CEO

QEDN - To Partner with World's Largest Food Company

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Company News and CEO Tweets

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Kate Bahnsen

February 21, 2019

The prestigious money magazine "Dinero"

writes about Inca Worldwide and the CEO

You can read the original Spanish version

https://www.dinero.com/edicion-impresa/negocios/articulo/la-planta-que-puede-competir-en-rentabilidad-con-la-coca/267323

Translated version

The plant that takes away coca from Colombia

Sacha Inchi,
a thousand-year-old but unknown nut,
becomes a replacement alternative
for illicit crops.

Still few plant it,
although there is great potential.

In the middle of the era of superfoods,
a new business opportunity
appears for the countryside and,
especially, for the areas
most affected by illicit crops.

It is the Sacha Inchi,
also known as the peanut of the Incas,
traditionally cultivated in the Peruvian,
Colombian and Ecuadorian Amazon.

Its exceptional properties,
since it contains
one of the highest levels of omega-3 in a vegetable,
have turned it into a fashionable food,
as well as into a key input
for the cosmetic industry.

Their global demand
and the low supply
(Peru is the main producer)
have made this crop profitable.

So much so
that it could substitute illicit crops
like coca.

A Sacha Inchi plant
begins to produce
7 months after sowing,
two months more than coca.

And for
the production of one hectare
a farmer can receive
between $15 million and $18 million,
compared to $20 million of coca,
which makes it a
real substitute.

Nanny Katharina Bahnsen

presides Inca Worldwide,
a firm that promotes Sacha Inchi in the country
and industrializes it for export.

She explains that other crops
with which they have sought to
substitute illicit crops take a long time to
produce the first harvest (such as cocoa or coffee).

But Sacha Inchi not only produces soon,
but, unlike coca,
which is now harvested every three months,
it is produced every month.

Inca Worldwide
buys the crop from some 2,200 farmers
in Antioquia, Chocó, Cundinamarca and Guaviare,
which is equivalent to
about 280 hectares.

Figures from the Ministry of Agriculture
indicate that
in the country
there are some thousand hectares sown,
of which 685 are currently producing.

The Putumayo and the Valle del Cauca
have more planted area
than the rest of the departments.

You can also read:

Peasants who leave illicit crops
will have a discount on trademark registration

In Antioquia
the crop is growing
and there are already 115 hectares sown.

In fact,
the Government allocated money
from the royalties
so that the
Eafit, National and Bolivarian Universities
could carry out a study
about the potential of the crop
in the department.

Jaime Garzón,

Secretary of Agriculture of Antioquia,
argues that this product can be an
important line for the department.

Therefore,
they want to promote it in an orderly manner,
after analyzing the vocation of the land
of the nine regions of Antioquia.

They have realized
that it works in municipalities
affected by the conflict,
such as some of the Magdalena Medio
and Bajo Cauca.

That is why they proposed
to the High Commissioner for Peace
to consider Sacha Inchi
not only as a substitute crop,
but also to promote peace.

How is it consumed ?

The Sacha Inchi plant
generates three main products:
almond, oil and cake.

For its properties
it is considered a very good substitute
for flaxseed oil and fish oil
(it has 17 times more omega-3 than salmon).

In protein
it replaces soy,
egg and dairy products
and is in the growing category
of nutraceuticals,
that is,
medicinal products made
with natural ingredients.

Regarding the cosmetic use,
Sacha Inchi oil serves to care for the skin
as an antioxidant
and leaves it smooth and soft
(without fat).

It works very well as a moisturizer.

It is also used in moderate amounts
for washing and hair treatments.

All this becomes an opportunity
for the country to focus on its cultivation,
with other nations such as China,
which already have 700,000 hectares sown,
and also in its industrial process.

Inca Worldwide operates a plant in Turbo
where it processes the star Sacha Inchi,
as it is harvested,
to a seed, which is then converted into a snack
such as peanuts, flour, milk (such as almond or soy),
tea and a concentrated food for pets.

Bahnsen maintains that
they have already invested US $1.5 million
in the entire process of collection
and production of derivatives
and that they already have customers
at supermarkets in the United States.

They would like to get to Korea or Japan,
where these types of products are very popular.

In 2018,
they exported 239 tons of Colombian Sacha Inchi,
mainly to Peru, Ecuador, Panama, Denmark and
the Netherlands.

The American NGO ACDI / VOCA,
which promotes sustainable economic growth
in vulnerable communities,
highlights the work
of the Agrosolidaria de Florencia (Caquetá)
association in its Colombian chapter.

It stands out that
one of the virtues of this crop
is that it germinates
despite the harsh conditions
of the Amazon-intense rain, incessant heat,
acid soils.

In addition,
as a perennial plant,
it produces crops throughout the year,
which means that producers have
increased their monthly income by almost 50%.

The business model has worked
because Agrosolidaria
guarantees the purchase
of the entire crop from the producers.

And then process it
to produce the oil,
which already has an Invíma registration,
which facilitates its export.

With the Sacha Inchi Colombia,
it can advance firmly
towards an effective strategy
of crop substitution.

Fashion business

Although the Sacha Inchi
is a thousand-year-old plant
cultivated by the Incas,
in Colombia they barely know it,
while US food chains such as Whole Foods
have it on their shelves.

This fashionable food has nine amino acids,
which for experts means
it can replace the meat.

Help with blood pressure
by strengthening the heart;
reduces the levels of cholesterol in the blood;
streamlines brain functions linked to memory,
intelligence and rationing;

It serves as an antioxidant and,
most importantly,
from the point of view of business,
is that they attribute
slimming properties.

According to an investigation
by the US market intelligence agency
Mintel Global New Products Database, the number
of new products containing components called
superfoods has increased more than 200%
between 2011 and 2015.

In addition,
it expects its sales
to exceed US $300,000 million
for 2020 only in the United States.

https://www.incaworldwide.com/single-post/2019/02/21/The-prestigious-money-magazine-Dinero-writes-about-Inca-Worldwide-and-the-CEO

https://www.incaworldwide.com/single-post/2019/02/21/The-prestigious-money-magazine-Dinero-writes-about-Inca-Worldwide-and-the-CEO

https://twitter.com/IncaSnacks/status/1098606393106550784

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For Nestle' and other manufacturers,

foods derived from plants

represent a niche

they can't afford to ignore.

________________________________________________________________

It only makes sense for them

to purchase or take equity interests in companies

that have experience working in the space

and are already well-known and popular with consumers.

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To complement its internal capabilities,

the company also strategically

collaborates with researchers,

suppliers, start-ups

and various other

innovation partners.

________________________________________________________________

Nestle' - Latest News

https://www.nestle.com/media/news

Nestle' - Delivering impact through Farmer Connect

https://www.nestle.com/csv/impact/rural-livelihoods/farm-economics

Nestle' - Enhancing rural development and livelihoods

https://www.nestle.com/csv/impact/rural-livelihoods

Nestle' - Our raw materials

https://www.nestle.com/csv/raw-materials

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Nestle' - Our Brands

https://www.nestleusa.com/brands

https://www.nestle.com/brands/brandssearchlist

https://www.nestle.com/aboutus/overview/ourbrands

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