Latest update November 30th, 2024 1:00 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Jamaica replaces U.S. rice imports with Guyana rice

Feb 04, 2014 News

The sole rice mill in Jamaica completely replaced U.S. paddy rice with imports from Guyana in 2013 mainly due to higher prices of U.S. rice, according to the USDA.
The USDA says that Jamaica did not import any paddy rice from the U.S. in 2013 for the first time in recent history. Traditionally, Jamaica’s rice imports consisted of 20% of the U.S. paddy rice, but the share of U.S. paddy rice in Jamaica’s rice imports has been declining in the last five years.
According to the USDA, Jamaica’s total rice import market remains steady at about 90,000 tons. However, the U.S. paddy rice imports by Jamaica declined about 93 per cent from around 46,000 tons in 2008 to 3,300 tons in 2012, and vanished in 2013.
Meanwhile, Jamaica’s rice imports from Suriname have been increasing in the past five years. Suriname accounted for around 28 per cent of Jamaica’s total imports in 2011, according to the USDA. Trade sources say that the change in the pattern is due to the quality and pricing issues, according to the USDA.
While Guyana paddy rice prices high, those are cheaper than U.S paddy rice prices. However, local sources say tariff on U.S. imports could be another reason. Since imports from both Guyana and Suriname receive preferential treatment under the common external tariff (CET) for the Community (CARICOM) countries and CET on rice for non-CARICOM countries is 25 per cent, paddy rice imports from the U.S., which is not a member of CARICOM, becomes comparatively expensive.(oryza.com)

Similar Articles

The Glenn Lall Show | November, 20th, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Battle for Glory: Petra-MVP Sports Girls U11 Football Championship reaches thrilling Semi-Final Stage

Battle for Glory: Petra-MVP Sports Girls U11 Football Championship...

Nov 30, 2024

  Kaieteur Sports – The road to the 2024 MVP Sports-Petra Organisation Girls Under-11 Football Championship title narrows today as the tournament moves into its highly anticipated...
Read More
Dinar Trading and Forrester’s Concrete solidify support

Dinar Trading and Forrester’s Concrete solidify...

Nov 30, 2024

Linden vs. Georgetown rivalry takes centre stage at GBF Elite 16 Finals

Linden vs. Georgetown rivalry takes centre stage...

Nov 30, 2024

Diamond Mineral Water Indoor Hockey Tournament heats up ahead of Sunday’s Finale

Diamond Mineral Water Indoor Hockey Tournament...

Nov 30, 2024

Top athletes and officials recognized at 2023 National Sports Awards

Top athletes and officials recognized at 2023...

Nov 30, 2024

Guyana Beverages Inc. partners with GFF for Maid Marian Wheat Up Women’s Cup

Guyana Beverages Inc. partners with GFF for Maid...

Nov 29, 2024

Features/Columnists

  • The Windfall Tax paradox

    …Peeping Tom Kaieteur News- It is a curious feature of the modern age that the more complex our agreements, the more... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]