Guyana seeking bigger stake in Jamaica’s rice market

Guyana is seeking to increase its rice exports to Jamaica, after local paddy exports replaced US supplies last year.

With local rice production still booming and the global market prices dropping, new markets for increased exports are crucial.

Currently Guyana has less than 100,000 tonnes of rice on hand and while the figure is high for this time of year, the product is moving quickly according to those in the industry.

Traditionally Guyana would keep approximately 60,000 tonnes prior to the first harvest of the year