Guyana seals Panama rice deal

Guyana has been able to seal a deal with Panama for the supply of 5,000 tonnes of rice per month beginning in September and taking the contract period up to the end of this year.
A statement from the Ministry of Agriculture today said that new contracts for 2015 are to be negotiated on satisfactory conclusion of these initial contracts. The booming local rice industry has been in need of new markets. Its major market at the moment is Venezuela which is an oil barter agreement. The Panama market is likely to be based on world market prices.
The statement said that the contracts to export rice to Panama in September and monthly to the end of 2014 were signed at the Office of the Minister of Agriculture in Panama City on August 14th 2014. Final terms for the contract were agreed to after negotiation between Guyana’s team of Dr. Leslie Ramsammy, Dharamkumar Seeraj and Jagnarine Singh and the team from the Ministry of Agriculture of Panama, led by the Vice Minister of Agriculture, Dr. Esteban Giron.
The signing of the new contracts to supply rice to Panama in a Government-to-Government arrangement ensures that Guyana’s rice market continues to expand, even as production has risen significantly. The Government of Guyana, through the Ministry of Agriculture and the GRDB, and in collaboration with the RPA, has been working to expand market for Guyana’s rice and paddy to overseas market, the statement said.
The statement says Panama imports about 150,000 tons of rice annually, through the private sector. The bid to import about 50,000 tons of rice through a Government to Government arrangement is seeking to ensure people have access to an important dietary staple at affordable price as the Government of Panama try to control cost of living in Panama.
The agreement means that Guyana can supply more than 50,000 tons of rice to Panama annually through the Government to Government arrangement and also compete in an open market to supply some of the remaining 100,000 tons per year.

Photo shows Minister of Agriculture Dr Leslie Ramsammy (left) sealing the deal.

20140816-160405.jpg

Latest in Local News

default placeholder

Cases being built against drug kingpins

Outgoing Deputy Chief of Mission at the US Embassy here, Bryan Hunt has urged patience as it relates to indictments of local drug barons saying that cases are being built in the background that can guarantee convictions.

St Paul’s Anglican Church in Aurora

Aurora Village (Part 2)

Things in Aurora Village are much livelier than in Aurora Estate. Women walk in and out of the health centre with babies hanging from their hips; policemen stand outside the police station bracing against a wooden rail as they talk amongst themselves and shouts of chatter from children playing fill the air.

A Cessna 206 – the model of the planes flown out of Eugene F Correia International Airport, at Ogle yesterday

Probe launched into illegal Cessna flights from Ogle

The Guyana Civil Aviation Authority (GCAA) yesterday launched an investigation into the illegal flights of two aircraft from the Eugene F Correia International Airport, at Ogle, East Coast Demerara.

default placeholder

Broke City Hall seeks gov’t bailout

Debt-ridden City Hall has approached the government for a bailout after undertaking several Golden Jubilee projects it did not budget for.

Trevon Thomas

Youth of Guyanese parentage dies in BVI boat accident

A young man of Guyanese parentage died tragically in Tortola, British Virgin Islands around 10:00 hrs yesterday when the speedboat he was in hit rough waters and capsized.

Two of the better appointed stands at D’Urban Park (Stabroek News file photo/Keno George)

D’Urban Park bleachers to remain

The bleachers at D’Urban Park will not be dismantled as originally intended as government intends to preserve and improve the area and turn it into a facility for public events, President David Granger has said.

default placeholder

Funerals held for Kamarang sisters crushed by tree

Post-mortem examinations were performed yesterday on the two children who were crushed to death on Thursday in Kamarang, Region Seven and they were buried with the village council assisting with funeral expenses.

default placeholder

Plug leakages to prevent state resources from bleeding out

Revenues from ExxonMobil’s oil find here could be at least four times Guyana’s national budget at current market prices, and a top US Embassy official here has urged government to move swiftly to implement measures to ensure transparency and accountability.

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Stay updated! Follow Stabroek News on Facebook or Twitter.

Get the day's headlines from SN in your inbox every morning: