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24,000 tons of paddy and 6,000 tons of white rice shipped to Venezuela

May 18, 2014 News

The rice industry is poised to achieve approximately 600,000 tons of rice this year given that it has already reaped in excess of 300,000 tons of rice for this first crop.
Rice farmers have already harvested 95 percent of the 224,000 acres of land that were under cultivation.
This is according to Jagnarine Singh, General Manager of Guyana Rice Development Board (GRDB), who enlightened that markets for Guyana’s rice is no problem. In fact, with the boom in rice production, Guyana could increase the amounts being exported to Panama, Belize, Jamaica, Europe, Venezuela, Haiti, and other CARICOM countries.
Singh related that three days ago Guyana shipped 24,000 tons of paddy and 6,000 tons of white rice to Venezuela. And, by next week Guyana is expected to ship another 6,000 tons of white rice to Venezuela.
This is part of the Guyana-Venezuela Petrocaribe rice for fuel deal. Guyana has to export 150,000 tons of paddy and 50,000 tons of white rice valuing $114M to the Spanish Speaking state this year.
He noted the agreement involves 25 shipments of paddy and nine shipments of white rice. Sixty percent of the rice would be delivered from this crop and the remaining 40 percent would be shipped from the second crop.
Singh added that for the year Guyana has already exported 6,000 tons of white rice to Haiti. In addition, Guyana has been shipping small amounts to Panama and it is hoped this would increase significantly. Guyana has not taken its eyes off the Columbian market.

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