Sat | Nov 18, 2017

Guyana adds Cuba to rice market

Published:Wednesday | August 16, 2017 | 12:00 AM

Guyana will make its first shipment of rice to Cuba in September following a series of negotiations over the past few months, the Guyana Rice Development Board has announced.

General manager of the rice board, Allison Peters, said this is just one of the new export markets negotiated over the past months.

In July, the rice board began shipping paddy to Panama and before that, began supplying paddy to Mexico under a US$17.7 million deal.

"Well, so far to Mexico more than one shipment has been sent; I think three shipments have been sent so far, totalling over 35,000 tonnes, and more shipments are expected to go," Peters said.

She added that another contract is expected to be signed within the next few weeks for the exportation of paddy to Panama.

As Guyana grows its markets, Peters noted that the South American country is cognisant of the need to grow its rice output to meet the new demand.

Paddy production for the first crop of 2017 was recorded at 518,667 tonnes. The authorities here project that rice production will increase by 1.3 per cent for the entire year.

- CMC