As harvesting for the second crop of 2019 gains momentum, paddy prices have increased and farmers are being paid higher prices for paddy sold to mills.
This is according to information released by the Guyana Rice Development Board (GRDB).
According to GRBD, as at today (Monday 23rd September), millers are paying $41,526 to $53,830 to per tonne of paddy.
But when harvesting commenced a few weeks ago, prices ranged from $40,000 to $46,140 per tonne. Moreover, GRBD revealed that the second crop paddy prices are higher than the prices paid during the first crop of 2019.
At the close of the paddy intake period for first crop 2019, farmers were paid $50,754 to $30,760 per tonne.
Prior to the commencement of harvesting for the second crop, GRDB conducted training of rice farmers to grade paddy and rice in all producing regions. The most recent training was held on the island of Wakenaam and GRDB believes this was instrumental in the improvement of paddy prices.
