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First shipment of paddy about to sail to Venezuela

Apr 22, 2014 News

Loading of the first shipment of about 6,000 tonnes of paddy due for Venezuela, commenced yesterday at the Muneshwer’s Wharf, Georgetown.
Agriculture Minister Dr. Leslie Ramsammy said that this, the first shipment for 2014, is expected to sail by today. He said that another shipment is expected to depart in two days from the same facility.
About 100,000 tonnes of rice and paddy are expected to be shipped to the neighbouring country by the end of April. It is anticipated that a maximum of two shipments per week will be exported until November, later this year.
A total of 200,000 tonnes of rice and paddy are due to be exported for the period to the Spanish-speaking country. This year’s initial rice shipments were delayed due to the civil unrest in Venezuela.
Minister Ramsammy said about 400,000 tonnes of rice and paddy are to be exported for this year.
The rice pact was initiated in 2010 between former President Bharrat Jagdeo and the late Venezuelan President Hugo Chávez.
The agreement aims to strengthen food security in both countries. In late 2011, government signed a US$54 million agreement with its western neighbour to supply 50,000 metric tonnes of paddy at US$520 per metric tonne, and 20,000 metric tonnes of white rice at US$800 per metric tonne.
Last year, US$130 million worth of rice was exported to Venezuela. (GINA)

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