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Mahaicony Rice Mills’ Licence Suspended

Mar 30, 2012 News

 

 

-has 40 days to pay farmers outstanding sums

 

The Mahaicony Rice Mills, at Airy-Hall, Essequibo Coast had its licence suspended, and was given 40 days to pay monies owed to numerous rice farmers.
The miller owes rice farmers for paddies sold over a year ago.
Deputy General Manager of the Guyana Rice Development Board (GRDB), Ricky Ramraj informed that the penalty prohibits the Mahaicony Rice Mills from purchasing paddy with effect from the present crop
Ramraj who was questioned by Minister within the Ministry of Agriculture Ali Baksh, in response to the prolonged issue of overdue payments from the Mahaicony Rice Mills, especially to Essequibo Rice Farmers, said the company owes $14M to farmers at present.
The Deputy Manager explained that the sour issue has been engaging the GRDB for quite some time now.
He added that the Mahaicony Rice Mills along with Arnold Sankar had owed $28M to farmers, but Guyana Rice Development Board was able to facilitate payment amounting to half that figure.
The issue of long overdue payment by millers to farmers was raised at a recent meeting at the Anna Regina Board Room, where Minister Baksh was present.
Minister Baksh advised farmers to incorporate the law concerning the selling of paddy to millers, in order to protect themselves from long overdue payments.
He said Government will give support to farmers through the Guyana Rice Development Board and Rice Producers’ Association.
Millers have 42 days in which to settle accounts with farmers after the purchase of paddy.
AFC Councilor, Natram, who is one of the farmers owed by MRL since 2011, said that the millers should ensure that senior representatives from the Guyana Rice Board are present when farmers take their paddies to the milling company.

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