The government of Guyana is planning to implement a rice-marketing plan which aims to improve productivity and to reduce production costs as well as to enhance operational efficiency in rice mills and to encourage development of value-added products for export, as quoted by the Agriculture Minister.
Under this plan, it was informed that rice is an import staple food in the country which is contributing about 61% of agricultural GDP and supporting at least 10% of the population in highest foreign exchange earning accounting about 21.3% of export in Guyana. The country’s per capita rice consumption is estimated to be around 50 kilograms.
Further, as per report, country’s milled rice output is more than doubled to around 635,238 tons in 2014 from around 298,125 tons in 2007. However, lack of drying, storage and marketing facilities as well as good agricultural practices and energy-efficient management at rice mills are some of the factors which are hindering the development of the country’s rice sector. The country produced about 360,325 tons of rice in the spring crop of 2-15, of which about 326,278 tons were exported. It was also added that the government is doing its best to explore new markets for rice especially after losing the Petro Caribe deal with Venezuela.
As data indicated in the report ,Guyana produced around 633,000 tons of rice in 2014 which is up about 18% from around 535,212 tons from 2013 and exported 501,208 tons of rice in 2014, which is about 27% more from around 394,000 tons exported in 2013.However,the Caribbean nation aims to produce about 618,000 tons of milled rice and to export around 521,000 tons in 2015. According to USDA estimates Guyana is to produce 650,000 tons of milled rice in the MY 2015-16 (January 2015 – December 2015) and to export about 520,000 tons.