Exports of rice to Europe have surged this year, making up for the loss of the Venezuelan market but farmers have seen lower prices for paddy compared to the same period last year.
According to data provided by the Guyana Rice Development Board (GRDB), total exports for the period January to March 2016 were 93,531 tonnes compared to 88,285 tonnes for the same period last year.
The figures show that 63,890 tonnes of rice went to Europe the first three months of this year compared to 19,426 tonnes for the same period last year. Whereas Latin America – mainly Venezuela – accounted for 45,971 tonnes of exports for the first three months in 2015, the figure this
