As rice hits highs, prices declining

The global price of rice has seen a decline of 10 percent in over a year and with that Guyana’s booming rice production may face hardships.

General Secretary of the Rice Producers Associa-tion (RPA) Dharamkumar Seeraj told Stabroek News yesterday in an invited comment that the “movement in prices does have a delayed reaction in getting to us, but it can be both good and bad; there is an advantage and sometimes there isn’t… we do have a lot right now and holding on to supply leading into the next crop is something we want to avoid ideally.”

While Guyana had its highest production in history last year, other global producers have also outdone past productions. Guyana will have  …..To continue reading, login or subscribe now.

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