Prices currently being paid by millers for paddy are likely to fall further before any possibility of stability due to internal and external shocks.
Berbice rice millers who held a virtual meeting with the Private Sector Com-mission (PSC) on Wednesday requested that the body seek an audience with government to find a reso-lution to the challenges faced.
“From tomorrow we might have to change to $60,000 (per tonne) and if these challenges are not addressed we will have to drop as low as $55,000 per tonne of paddy… we are buying paddy today at $65,000 which is not dried, which is not processed on the scale,” was the per-spective offered to Stabroek News by Rayaadul Hakh, who operates in Regions 5 & 6. Hakh declared that the increased cost of production was due to global issues. He point-ed out that apart from the freight cost and government commissions, millers have other production associated expenses.
