What appeared initially to be promising rice supply deals between local millers, Nand Persaud & Company and three external markets, including Cuba, now appear to have collapsed under the strain of what the local company says has been those markets’ failure to meet payment agreements in a timely manner.
Earlier this week, during an interview with the local firm’s Chief Executive Officer, Mohendra Persaud, the Stabroek Business learnt that the Berbice rice export giant had ceased shipments of rice to Cuba which had commenced in 2017 under an agreement which the company had reached with that country’s state-run entity ALIMPORT.
