Consolidation of traditional markets in the hemisphere and in Europe and the realization of new ones have meant that Guyana will boost its rice exports this year by more than 50,000 tonnes over 2013, General Manager of the Guyana Rice Development Board, Jagnarine Singh has told the Stabroek Business.
Earlier this week Singh disclosed that rice exports were likely to reach 450,000 tonnes at the end of this year compared with 396,000 tonnes in 2013. However, the GRDB boss said that global competition had meant that “prices are not where we would like them to be.” He said that the GRDB wanted farmers to get the best prices for their rice but that the industry had to deal with “the realities of the market.”
Singh disclosed that recent initiatives had resulted in the emergence of modest but promising first–time markets in Belize and Belgium
