A Guyanese rice field. (Photo: Guyana Rice Development Board)

Guyana records increase in rice exports

A Guyanese rice field. (Photo: Guyana Rice Development Board)

Guyana has exported 343, 068 tonnes of rice during the first eight months of this year, receiving more than GUY$30 billion (One Guyana dollar=US$0.004 cents) in revenue.

A Guyanese rice field. (Photo: Guyana Rice Development Board)

The Guyana Rice Development Board (GRDB) general manager, Nizam Hassan, said that the exports represented a six per cent increase in volume and a seven per cent in value when compared to the 325,052 tonnes sold for the same period last year.

According to the GRBD, 50,000 tonnes of rice had shipped to Caribbean Community (CARICOM) countries, including Dominica, St Vincent and Grenadines and Jamaica, netting over US$25 million, compared to the 44,355 tonnes sold during January to August 2019.

Guyana has earned more than US$66 million from January to August 2020 for shipments to the European Union. In 2019, sales to the same markets earned US$56 million, after 158,751 tonnes of rice was exported.

The official figures show an eight and nine per cent in volume and value for the 2019-2020 exports to Latin America and Hassan said this is because Cuba did not receive any exports this year; while exports to countries such as Panama and Honduras decreased.

“But notwithstanding, they are other countries in which we did well. For example, we have sent 11,754 tonnes of rice to Colombia, compared to 2,204 tonnes in 2019. Exports to Venezuela was 90,328 this year and last year for the same period, we sold 74,912 tonnes,” he said.

Additionally, last year, the United States received 256 tonnes of rice, but the shipping amount increased to 3,006 tonnes this year.