Business

State, private sector foot-dragging on US Food Safety Modernization Act

On May 11 this newspaper published an editorial on the new Food Safety Modernization Act, signed into law by US President Barack Obama in the hope that both the Government of Guyana and the private sector would be reminded of the need to take action to address what is in fact the most sweeping reform of US food safety laws in more than half a century and, more importantly from our vantage point, probably the most formidable threat ever to access to the US market for local exporters.

Caribbean Poultry Association President  Dr Desmond Ali
Caribbean Poultry Association President Dr Desmond Ali

Caribbean body warns against buying ‘old’ US chicken

Even as government announced last week that it had approved temporary licences to 12 unnamed persons to import chicken in an effort to ease a protracted shortage and stabilize prices on the local market, Head of the Caribbean Poultry Association (CPA) Dr Desmond Ali, has issued a call to Caricom countries to guard against the importation of “old meat” from the United States.

API employees engaged in sorting packaged milk powder
API employees engaged in sorting packaged milk powder

De Sinco $300m packaging operation raising standards in food packaging

With packaging and promotion continuing to prove a challenge to efforts by local enterprises to expand their market share in the region as much as in North America and Europe, Associated Packers Incorporated (API) has taken a small but significant step to begin to raise standards.

Chicken

This is not the first time that the Government of Guyana has intervened to address a shortage of poultry meat on the local market by granting licences for the temporary importation of limited quantities of a commodity that has long been an important part of the local diet.

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 463’s trading results showed consideration of $5,083,097 from 110,681 shares traded in 32 transactions as compared to session 462 which showed consideration of $2,897,117 from 150,495 shares traded in 12 transactions. 

Missed opportunities

Twice recently local private sector enterprises missed out on golden opportunities to be considered for the international marketing of goods and services, which were made available through projects funded by the Caribbean Export Development Agency, commonly referred to as Caribbean Export.

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