AreaGuyana

Commodity GroupRice

CommodityAll

Date29/01/2016

Policy CategoryProduction

Policy InstrumentBudgetary allocations, production support, tax policy, export promotion

DescriptionAs part of its 2016 budget, announced that GYD 20.3 billion (USD 94 million) would be allocated to the agricultural sector. Steps would be taken to encourage agricultural diversification, boost competitiveness and to intensify agricultural research, training and extension services. The Government would also continue to assist the rice sector find new outlets for its produce, with parboiled rice exempted from value added taxes.

NotesExchange rate as of 1 April 2016.