Millers who lost millions of dollars after Guyana was evicted from the lucrative rice market in neighbouring Venezuela back in 2015 are seeking assistance from the government to offset their losses.
Yesterday a group of millers from Essequibo who reportedly lost in excess of $800M, met with Agriculture Minister Zulfikar Mustapha at his Farmers’ Open Day, seeking assistance.
According to a release from the Ministry of Agriculture, the millers said that they had purchased large quantities of paddy with the expectation of exporting to Venezuela, but were forced to sell their paddy on the local market for less than half the cost they paid.