Rice exports to the Latin American market this year, including Venezuela, have increased significantly and the country has earned more foreign exchange despite a sharp drop in shipments to the European market.
According to data which was provided by the Guyana Rice Development Board (GRDB), the total exports from January to October were 436,825 metric tonnes, as compared to the same period in 2016, where 440,813 metric tonnes were exported.
For the January to October period for 2017, the country earned US$163,605,766, an increase over the 2016 comparative figure of US$155,738,049.
With respect to the Latin America market, a total of