AreaGuyana

Commodity GroupRice

CommodityAll

Date10/08/2015

Policy CategoryProduction

Policy InstrumentBudgetary allocations, export promotion

DescriptionAnnounced that GYD 23 billion (USD 107 million) had been set aside to settle outstanding payments to rice farmers, as part of its 2015 budgetary allocations. Further to pursuing new markets abroad, officials would also sustain the development and use of new varieties and technology, and provide incentives for value addition.

NotesExchange rate as of 15 September 2015.