Trade

Banks DIH Limited says it is continuing to add value to Guyana’s rice, a move that has seen the company earning US$1.956 million from the export of Banko Wine. Overall, Banko Wine sales were GYD$1.3 billion. “Banks DIH has and continues to play its part in the field of agro-processing and is the largest private sector agro-processor in the country,” ...

Venezuela is Guyana’s biggest rice market, accounting for 34 percent or 177,682 tonnes of all that grain exported to several Latin American countries the Guyana Rice Development Board (GRDB) said in a statement. This means that despite Venezuela stopping the rice for oil PetroCaribe agreement with Guyana in 2016, a number of private exporters are still selling rice to that ...

The United States Congressional Research Service (CRS), a think-tank for the United States (U.S.) Congress, says some analysts believe that the David Granger-led coalition is likely to win next year’s general elections. “Past general elections in Guyana suggest the 2020 race will be close, but some analysts contend the APNU/AFC’s multiparty and cross-ethnic coalition is likely to sustain the Granger ...

Suriname’s Agriculture Minister, Rabin Parmessar is in Cuba to secure rice exports for next year.  That country’s ministry says it will do everything to make urea fertiliser and other inputs available at attractive prices and as soon as possible. Starnieuws reports Mr. Parmessar as saying Suriname — representatives of the rice sector and government — has been searching for new ...

by Gwen Evelyn Lakiraj Singh and his three sons have carved out a special niche in the local spice market, and for a very good reason. They don’t just crunch herbs and spices into bags and churn them out for a quick payback; the Singhs’ approach is much more precise and attentive. They prepare the finest Guyanese spices by using ...

by Gwen Evelyn GEORGETOWN, Guyana — November 15, 2019 — What started out as a quest to develop local products and add value has turned into a thriving and growing industry today. Cereals, personal-care products and condiments are now all being produced locally at the highest standards and export-ready quality. This is thanks to the work being done at the ...

The Ministry of Public Health’s Government Analyst-Food and Drugs Department (GA-FDD) and a businessman are set to take each other to court over GYD$40 million worth of food that authorities say are substandard. The businessman, Faizal Asif Iqbal Alli, has denied the allegations levelled against him. He is threatening to take the GA-FDD to court if perishable and other items ...

Under apparent pressure by hundreds of workers angered at being temporarily laid off and paid half of their salaries, Senior Labour Minister Amna Ally has intervened and withdrawn a letter by her Junior, Keith Scott, that had instructed Troy Resources Limited to cease all operations because of safety concerns uncovered by an inspector at two additional gold mining pits. “I, ...

A sprawling 700-acre agricultural estate, operating under the name Pomeroon Trading, is set to become the third Guyanese company to be listed on the Guyana Stock Exchange in 10 years. Company Advisor, United Kingdom parliamentarian, David Lammy, says the company is about to sell more than 130,000 shares at US$7.50 per share to any new investor. “Pomeroon Trading will be ...

The Caribbean Court of Justice (CCJ) on Tuesday delivered a judgement which upholds the classification decision of the CARICOM Council for Trade and Economic Development (COTED) on cement, known as Rock Hard Cement, imported and/or distributed within CARICOM by Rock Hard Cement (Rock Hard Distributors Limited) and, Mootilal Ramhit and Sons Contracting Limited. These proceedings in the CCJ’s Original Jurisdiction ...