GEORGETOWN, Guyana – Guyana's government has dismissed reports of an increase in the retail price for parboiled rice.
The Ministry of Agriculture said it has taken note of reports suggesting increases in retail prices but that based upon the monthly market surveys conducted by the Guyana Rice Development Board (GRDB) in various areas, it was discovered that prices for parboiled rice have remained stable over the past months.
The price for parboiled rice for the period May to June 2024 remained at GUY$218(One Guyana dollar=US$0.004 cents) per 10 kg sack, while white rice for the same period remained at GUY$1960 per 10kg.
“No increase has been noted since. Millers have also confirmed that there has been no increase, and they are working to ensure the prices remain stable. According to the data enough rice is in the system for consumers to access,” the Ministry said, adding that it continues to ensure that rice remains an accessible staple food, while also supporting the economic stability of rice farmers.
It said the balance is crucial for sustaining the agricultural sector and meeting the needs of the population.
“The Ministry believes that the reports suggesting an increase in prices may be the actions of some unscrupulous persons bent on spreading misinformation. The Guyana Marketing Corporation will intervene to ensure that rice prices remain stable around the country,” the ministry said, adding that together with the GRDB, they will continue to monitor market prices across the country.
