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Venezuela/Guyana rice deal…Second shipment hits snag

Jan 21, 2010 News

More than a month after the first shipment of paddy left Guyana for Venezuela, the second shipment is still to leave the local shores as was promised.
According to Agriculture Minister, Robert Persaud, the delay is as a result of the Venezuelans sorting out technical matters at their end.
Persaud said that he was not pleased at the rate the Spanish-speaking country is dealing with the rice shipments. However, he said that he was not making it an issue but hopes that there is a greater degree of urgency in dealing with the shipments.
The Minister has yet again dispatched the Guyana Rice Development Board (GRDB) General Manager, Jagnarine Singh, to Venezuela in an effort to sort out this recent development.
He said that he is confident that those talks will yield success with the next shipment sailing shortly. Persaud disclosed that although the same vessel will not be used to make the delivery, a similar amount of paddy will be shipped.
Her added that the local rice farmers are heavily dependent on the sale of the paddy. This will allow millers to pay them better prices for their paddy. Additionally, the Minister said that the paddy for the second shipment has already been identified and a number of millers across the rice growing regions are poised to supply the next shipment.
Persaud said that initially there were some problems in sourcing the paddy for the second shipment, since an increase in world price meant that suppliers had more options.  He said that thankfully this has been resolved and there is even enough rice available to supply earthquake-ravaged Haiti if the need arises.
The first shipment left onboard the Panamanian ‘Pacific Clipper’ valued at an estimated US$1.65M and favourable tide permitting it took approximately four days for the ship to reach its destination.

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