Farm cuts price on bulk-buy turtle meat

| 22/04/2010



(CNS): The Cayman Turtle Farm announced today that it has introduced a new volume discount on turtle meat. Despite recently increasing the price, explained at the time as an effort to reflect the true cost of producing the meat, the farm is now offering restaurants and residents 25 percent discount for bulk buy. All customers, including restaurants, purchasing at least twenty pounds of meat products will be able to get the discount, the farm said in a statement. The farm is also offering the discount on mixed products.

The farm said customers buying ten pounds of stew, five pounds of steak, plus five pounds of menavelin will get the 25% reduction. The volume discount price for turtle stew will now be $12.00 per pound, menavelin $9.00 per pound, bones $4.50 per pound and turtle steak $20.25 per pound.

Promoting these new volume discounts, Managing Director of the Cayman Turtle Farm Tim Adam said he hoped the discounts on bulk purchases would encourage restaurants to reduce their prices. “We hope they will take advantage of the opportunity to offer turtle meals at lower prices to the general public,” he said.

The MD did not say whether the new reduction will impact the sustainability of production, which was one of the reasons cited for the original price increase earlier this year.

When the farm announced the significant increases in February, Adam had said the price had been far below the cost to produce it and the facility was constantly losing money as a result.

“Looking closely at the farm operations it was immediately clear that the price being charged for turtle meat would not allow the proper operation of the farm.  The supply of turtle meat in Cayman is in jeopardy and could dry up in the very near future without significant re-investment in the turtles, their feeding and care or even the farm facilities,” he said at the time, adding that a reasonable pricing structure was the first step in being able to properly re-invest in the farm.

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Comments (16)

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  1. Anonymous says:

    thank you mista tim – i love fi eat de turcle meat and wid de price drop we wills eat nuff more – mi love MY national dish – an my lilce honduran ting pond di side cook a good iguana meat if yu was asking… now i hear se we can eat dem too – dem is nots against de law fi heat… so lets all get together and ginks a licle red rum an play a licle bob marley and maybe even shake a leg…

  2. no man, una funny doh says:

    ha, ha, ha, ha. :)) LMAO ha, ha, ha

    Is this what we are sibsidizing Boatswain Beach so heavily for? This is why Mr. Adam (and Mr Joey Ebanks previously with his mismangement) was hired at almost $200,000 per annum (with perks) for ?

    Price up….no price back down…sounds very similar to Mac and his Ministry of Finance and all his moves for the budget and PMFL.

    Typical political cronism tricks!

  3. Anonymous says:

    That what una get, Mr.Adams who’s laughling now us the local or you the price dropper :-))) ha ha it is too funny triple hike turtle meat and double drop price to get it sell.  

  4. It is a disgrace says:

    The whole barbaric practice of eating turtle is a national disgrace.

  5. Anonymous says:

    With these discounts Timmy hopes the restaurants willl reduce their prices. What a bunch or rubbish. It shouldn’t be any concern to you what the restaurviants do. You should think about the business you are running.

  6. Anon says:

    Well, it looks like there are at least two laws that the UDP have not been able to change; Supply and Demand.

    Someone must have realized that it cost the same to feed the turtles when they are NOT being sold.

    • Anonymous says:

      Yo !!!!! dat wa unna get. Unna tink dat de poor people stupid. Still need ta come down mor on de price.

  7. Anonymous says:

    The volume discount should be the REGULAR PRICE. An individual would have to spend at least $300 to enjoy the native dish at a decent price.

    The management fail to realize that the average person can no longer afford the prices. Not everyone makes over $3000 a month. Especially not the Boatswain Beach staff and the residents of the Cayman Islands.

    Why dont you just stop selling turtle meat. That is the true way to conservation.

    Not all of the Cayman population is wealthy.

     

  8. A Concerned Caymanian says:

    Guess they finally figured out the price is too high for all.  Maybe they should just double the old prices which would put stew at $50 which is much more affordable but brings in double the profits while allowing the stock to replenish.

  9. Anonymous says:

    OMG Mr. Adams and you and the rest of Governement is going to have to do more than this if una think the people of these Islands is going to take this crap anymore with una hiking fees here there and every where  una go ahead because it going to be alot more Turtle meat una na going to be able to sell becasue these days things is too hard for us to even buy chicken

    • Anonymous says:

      What language is this?

      • Anonymous says:

        English dialect! but you understood IT even though its Caymanian

      • Skippy says:

        Apparently if one replaces "you" with "una" or "unna" it makes all the difference.  That is the beginning and the end of the dialect here.  The rest is not dialect, it is simply repeated examples of a complete lack of understanding on how verbs should agree with their subject.

    • Anonymous says:

      This is local dialect! Take a trip to jamaica for a great experience.

  10. Anonymous says:

    This wholesale discount should make Joey and the rest of the PPM very happy.

    Its obvious from the Auditor General’s report that they like turtle meet.