Guyana and Venezuela concluded negotiations for the annual rice barter agreement last week with shipments to commence later in the month after the first crop harvest begins, according to a release yesterday from Minister of Agriculture, Dr Leslie Ramsammy.
The agreement is worth roughly US$120M which is a decline from previous years. Last year the agreement was estimated to be worth US$130M though Guyana’s shipments of rice and paddy have stayed relatively in line with the 200,000-tonne agreement.
According to the release, Ramsammy led a team to conclude negotiations in Caracas. The rice is being bartered for
