With the recently announced sales deal with Panama, Guyana is hoping to cash in on the Central American country’s rice shortage which is projected to carry over into 2015 but a price is still to be settled.
Stabroek News understands that Guyana is hoping that packaged rice sales to Panama will be anywhere from US$500 to US$520 per tonne in the initial stages of the agreement. The commodity at the end of June averaged around US$414 per tonne, however since then world market prices for 25% broken rice have been as low as US$395 and as high as US$460.
This newspaper was told that that Guyana will be exporting 20% broken rice to Panama under the new agreement signed last Thursday at the