Rice, Rice, Rice.....PPP told us they secure a market in Panama

In July 2014

Moses told PPP

Time to kick

no-confidence motion ball home

-Nagamootoo

http://www.stabroeknews.com/20...all-home-nagamootoo/

 

PPP seeing the end

fool the rice farmers about their

"Pie-in-the-Sky" Rice Deals

If any of this was true....

the Rice Industry was in good Shape

 

Panama - 150,000 Tons Market per Year

Minister of Agriculture Leslie Ramsammy noted that the rice deal,

which was signed

by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias,

and the GRDB General Manager, Mr. Jagnarine Singh,

will see Guyana exporting(GRDB)  50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage.

 

 Guyana clinches rice export deal

with Panama

Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj

Guyana clinches rice export deal with Panama

 

-5,000 tonnes of rice per month

to be shipped

GUYANA is positioned to become the most important player in the rice market of Panama, according to Agriculture Minister, Dr. Leslie Ramsammy, following the inking of a deal that will see Guyana supplying 5,000 tonnes of rice to Panama on a monthly basis, beginning from September.

 

Panama’s Vice Minister of Agriculture, Estebana Giron Dias, hands over the agreement documents to Agriculture Minister, Dr. Leslie Ramsammy

Panama’s Vice Minister of Agriculture, Estebana Giron Dias,

hands over the agreement documents

to Agriculture Minister, Dr. Leslie Ramsammy

At a press briefing yesterday at the Guyana Rice Development Board’s (GRDB) head office, Kingston Georgetown, he explained that Panama’s rice imports currently stand at 150,000 tonnes annually, an addition to their

own rice production. He noted that the rice deal, which was signed by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias, and the GRDB General Manager, Mr. Jagnarine Singh, will see

Guyana exporting 50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The agreement was signed last Thursday, at the Office of the Minister of Agriculture in Panama City and followed a meeting in Colombia between the Presidents of Guyana and Panama.

 

The two leaders met as Presidents for the first time in Columbia on Wednesday last, August 6. President Varela was sworn in as President of Panama on July 2nd 2014

. A team led by Dr. Ramsammy concluded successful meetings with officials of the Government of Panama that resulted in Guyana being given meaningful access to the Panamanian market. The other members on the team included General Manager of the GRDB, Mr. Jagnarine Singh and General Secretary of the Rice Producers Association, Mr. Dharamkumar Seeraj.

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by

Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage. Presently, Panama’s private sector controls the local food market, making it an open market.

 

 

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

 

 

“I have no doubt that our private sector will be successful in bidding to supply the 100,000 tonnes,” he said, adding his assurance that the private sector will have facilitation support for the exportation from the GRDB. The Agriculture Minster added that new contracts for 2015 are to be negotiated on satisfactory conclusion of these initial contracts.

 

MEETING EXPORT TARGETS Dr. Ramsammy contends that the rice deal with Panama will not only see Guyana gaining “meaningful entrance” into a significant market on a long term basis, but will also increase the likelihood of Guyana’s rice export target being met. “Because of this deal, the original target of reaching 500,000-tonne export by 2020 has a real chance of happening in 2014,” he said.

The Agriculture Minister highlighted that it is expected that Guyana’s export for 2014 will surpass the 300,000 mark by end of August, the earliest time it has ever been able to reach 300,000 tonnes.

 

With this new export for 2014, Guyana is expected to export

between 475,000 to 500,000 tons for 2014

 

 

and to reach about

550,000 tons in 2015.

 

The actual export target for 2014 was 460,000 tons. The export in 2013 was 394,000 tons. “While production level will reach the 2020 target of 600,000 tons this year, the Government of Guyana’s effort has ensured that our market expansion programme also is keeping a close upward trajectory with increased production,” he said. Engagements with Panama have been ongoing for the last 18 months, however, Dr. Ramsammy acknowledge that the actual finalisation of the rice deal was due to the meeting between the two Presidents.

MUTUALLY BENEFICIAL Dr. Ramsammy added that the signing of the new contracts to supply rice to Panama, through the Government-to-Government arrangement, is also mutually beneficial, in that it: * Ensures that Guyana’s rice market continues to expand, even as production has increased significantly; and * Is in line with the move by Panama’s President Juan Carlos Varela to ensure a lower cost of living for Panamanians. He stated that the Government of Guyana, through the Ministry of Agriculture and the GRDB, and in collaboration with the Guyana Rice Producers’ Association (RPA), has been working diligently to expand market for Guyana’s rice and paddy to overseas markets. “At the meeting, the President of Panama was very assertive in describing Panama’s commitment to strengthening ties with Guyana and CARICOM and the agreement to allow Guyana to be a supplier of rice to Panama is a concrete example of how south-south cooperation can be accelerated. He expressed his determination to ensure that the people of Panama are able to access food at an affordable price and he sees the agreement between his Government and the Government of Guyana as one way to keep his commitment to the people of Panama to lower the cost of living,” Dr. Ramsammy said.

GREATER COLLABORATION The rice contract signed with the Government of Panama is a part of a larger agriculture cooperation agreement with Panama. The Agriculture Minister disclosed too that Guyana signed a Memorandum of Understanding (MOU) with Panama for collaboration in the development of agriculture and trade between the two countries, one an agriculture giant in CARICOM, and the other a trade and economic hub in Central America. The MOU is intended to facilitate a partnership between the two countries for scientists and agricultural research institutions to work collaboratively to enhance agriculture and trade between the countries and with other CARICOM and Central American countries. The areas identified for the collaboration include, but are not limited to, rice, fruits, vegetables, milk, meat, fish and other fields related to agriculture. The activities and programmes of cooperation will be achieved through exchange of delegations of experts, scientists and technicians, seed crops and animal breeds, information and technical documents, trade in agriculture products, joint organisation of technical seminars, workshops and conferences, coordination of research projects of interest to both countries, among others. Dr. Ramsammy noted that a Panamanian delegation is expected to visit Guyana in October for the Guyana’s first agriculture research conference. Subsequent to this, a working group, established to ensure the success of the bilateral engagements, is expected to make exchange visits every six months. The MOU gives effect to the intention of President Donald Ramotar and President Juan Carlos Varela of Panama to develop stronger ties between Guyana and Panama and between CARICOM and Central America – an issue that constituted broader discussions during their August 6 meeting in Columbia. Dr. Ramsammy expressed his optimism for the continued progress in the local agriculture sector.

(By Vanessa Narine)

 

 

 

 

 

Original Post
Originally Posted by Jalil:

In July 2014

Moses told PPP

Time to kick

no-confidence motion ball home

-Nagamootoo

http://www.stabroeknews.com/20...all-home-nagamootoo/

 

PPP seeing the end

fool the rice farmers about their

"Pie-in-the-Sky" Rice Deals

If any of this was true....

the Rice Industry was in good Shape

 

Panama - 150,000 Tons Market per Year

Minister of Agriculture Leslie Ramsammy noted that the rice deal,

which was signed

by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias,

and the GRDB General Manager, Mr. Jagnarine Singh,

will see Guyana exporting(GRDB)  50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage.

 

 Guyana clinches rice export deal

with Panama

Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj

Guyana clinches rice export deal with Panama

 

-5,000 tonnes of rice per month

to be shipped

GUYANA is positioned to become the most important player in the rice market of Panama, according to Agriculture Minister, Dr. Leslie Ramsammy, following the inking of a deal that will see Guyana supplying 5,000 tonnes of rice to Panama on a monthly basis, beginning from September.

 

Panama’s Vice Minister of Agriculture, Estebana Giron Dias, hands over the agreement documents to Agriculture Minister, Dr. Leslie Ramsammy

Panama’s Vice Minister of Agriculture, Estebana Giron Dias,

hands over the agreement documents

to Agriculture Minister, Dr. Leslie Ramsammy

At a press briefing yesterday at the Guyana Rice Development Board’s (GRDB) head office, Kingston Georgetown, he explained that Panama’s rice imports currently stand at 150,000 tonnes annually, an addition to their

own rice production. He noted that the rice deal, which was signed by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias, and the GRDB General Manager, Mr. Jagnarine Singh, will see

Guyana exporting 50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The agreement was signed last Thursday, at the Office of the Minister of Agriculture in Panama City and followed a meeting in Colombia between the Presidents of Guyana and Panama.

 

The two leaders met as Presidents for the first time in Columbia on Wednesday last, August 6. President Varela was sworn in as President of Panama on July 2nd 2014

. A team led by Dr. Ramsammy concluded successful meetings with officials of the Government of Panama that resulted in Guyana being given meaningful access to the Panamanian market. The other members on the team included General Manager of the GRDB, Mr. Jagnarine Singh and General Secretary of the Rice Producers Association, Mr. Dharamkumar Seeraj.

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by

Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage. Presently, Panama’s private sector controls the local food market, making it an open market.

 

 

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

 

 

“I have no doubt that our private sector will be successful in bidding to supply the 100,000 tonnes,” he said, adding his assurance that the private sector will have facilitation support for the exportation from the GRDB. The Agriculture Minster added that new contracts for 2015 are to be negotiated on satisfactory conclusion of these initial contracts.

 

MEETING EXPORT TARGETS Dr. Ramsammy contends that the rice deal with Panama will not only see Guyana gaining “meaningful entrance” into a significant market on a long term basis, but will also increase the likelihood of Guyana’s rice export target being met. “Because of this deal, the original target of reaching 500,000-tonne export by 2020 has a real chance of happening in 2014,” he said.

The Agriculture Minister highlighted that it is expected that Guyana’s export for 2014 will surpass the 300,000 mark by end of August, the earliest time it has ever been able to reach 300,000 tonnes.

 

With this new export for 2014, Guyana is expected to export

between 475,000 to 500,000 tons for 2014

 

 

and to reach about

550,000 tons in 2015.

 

The actual export target for 2014 was 460,000 tons. The export in 2013 was 394,000 tons. “While production level will reach the 2020 target of 600,000 tons this year, the Government of Guyana’s effort has ensured that our market expansion programme also is keeping a close upward trajectory with increased production,” he said. Engagements with Panama have been ongoing for the last 18 months, however, Dr. Ramsammy acknowledge that the actual finalisation of the rice deal was due to the meeting between the two Presidents.

MUTUALLY BENEFICIAL Dr. Ramsammy added that the signing of the new contracts to supply rice to Panama, through the Government-to-Government arrangement, is also mutually beneficial, in that it: * Ensures that Guyana’s rice market continues to expand, even as production has increased significantly; and * Is in line with the move by Panama’s President Juan Carlos Varela to ensure a lower cost of living for Panamanians. He stated that the Government of Guyana, through the Ministry of Agriculture and the GRDB, and in collaboration with the Guyana Rice Producers’ Association (RPA), has been working diligently to expand market for Guyana’s rice and paddy to overseas markets. “At the meeting, the President of Panama was very assertive in describing Panama’s commitment to strengthening ties with Guyana and CARICOM and the agreement to allow Guyana to be a supplier of rice to Panama is a concrete example of how south-south cooperation can be accelerated. He expressed his determination to ensure that the people of Panama are able to access food at an affordable price and he sees the agreement between his Government and the Government of Guyana as one way to keep his commitment to the people of Panama to lower the cost of living,” Dr. Ramsammy said.

GREATER COLLABORATION The rice contract signed with the Government of Panama is a part of a larger agriculture cooperation agreement with Panama. The Agriculture Minister disclosed too that Guyana signed a Memorandum of Understanding (MOU) with Panama for collaboration in the development of agriculture and trade between the two countries, one an agriculture giant in CARICOM, and the other a trade and economic hub in Central America. The MOU is intended to facilitate a partnership between the two countries for scientists and agricultural research institutions to work collaboratively to enhance agriculture and trade between the countries and with other CARICOM and Central American countries. The areas identified for the collaboration include, but are not limited to, rice, fruits, vegetables, milk, meat, fish and other fields related to agriculture. The activities and programmes of cooperation will be achieved through exchange of delegations of experts, scientists and technicians, seed crops and animal breeds, information and technical documents, trade in agriculture products, joint organisation of technical seminars, workshops and conferences, coordination of research projects of interest to both countries, among others. Dr. Ramsammy noted that a Panamanian delegation is expected to visit Guyana in October for the Guyana’s first agriculture research conference. Subsequent to this, a working group, established to ensure the success of the bilateral engagements, is expected to make exchange visits every six months. The MOU gives effect to the intention of President Donald Ramotar and President Juan Carlos Varela of Panama to develop stronger ties between Guyana and Panama and between CARICOM and Central America – an issue that constituted broader discussions during their August 6 meeting in Columbia. Dr. Ramsammy expressed his optimism for the continued progress in the local agriculture sector.

(By Vanessa Narine)

 

 

 

 

 

Knucklehead,

Why you shouting so much on this board?

You do realize that its a turnoff dont you?Easy with the propaganda 

Originally Posted by VishMahabir:
Originally Posted by Jalil:

In July 2014

Moses told PPP

Time to kick

no-confidence motion ball home

-Nagamootoo

http://www.stabroeknews.com/20...all-home-nagamootoo/

 

PPP seeing the end

fool the rice farmers about their

"Pie-in-the-Sky" Rice Deals

If any of this was true....

the Rice Industry was in good Shape

 

Panama - 150,000 Tons Market per Year

Minister of Agriculture Leslie Ramsammy noted that the rice deal,

which was signed

by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias,

and the GRDB General Manager, Mr. Jagnarine Singh,

will see Guyana exporting(GRDB)  50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage.

 

 Guyana clinches rice export deal

with Panama

Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj

Guyana clinches rice export deal with Panama

 

-5,000 tonnes of rice per month

to be shipped

GUYANA is positioned to become the most important player in the rice market of Panama, according to Agriculture Minister, Dr. Leslie Ramsammy, following the inking of a deal that will see Guyana supplying 5,000 tonnes of rice to Panama on a monthly basis, beginning from September.

 

Panama’s Vice Minister of Agriculture, Estebana Giron Dias, hands over the agreement documents to Agriculture Minister, Dr. Leslie Ramsammy

Panama’s Vice Minister of Agriculture, Estebana Giron Dias,

hands over the agreement documents

to Agriculture Minister, Dr. Leslie Ramsammy

At a press briefing yesterday at the Guyana Rice Development Board’s (GRDB) head office, Kingston Georgetown, he explained that Panama’s rice imports currently stand at 150,000 tonnes annually, an addition to their

own rice production. He noted that the rice deal, which was signed by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias, and the GRDB General Manager, Mr. Jagnarine Singh, will see

Guyana exporting 50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The agreement was signed last Thursday, at the Office of the Minister of Agriculture in Panama City and followed a meeting in Colombia between the Presidents of Guyana and Panama.

 

The two leaders met as Presidents for the first time in Columbia on Wednesday last, August 6. President Varela was sworn in as President of Panama on July 2nd 2014

. A team led by Dr. Ramsammy concluded successful meetings with officials of the Government of Panama that resulted in Guyana being given meaningful access to the Panamanian market. The other members on the team included General Manager of the GRDB, Mr. Jagnarine Singh and General Secretary of the Rice Producers Association, Mr. Dharamkumar Seeraj.

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by

Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage. Presently, Panama’s private sector controls the local food market, making it an open market.

 

 

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

 

 

“I have no doubt that our private sector will be successful in bidding to supply the 100,000 tonnes,” he said, adding his assurance that the private sector will have facilitation support for the exportation from the GRDB. The Agriculture Minster added that new contracts for 2015 are to be negotiated on satisfactory conclusion of these initial contracts.

 

MEETING EXPORT TARGETS Dr. Ramsammy contends that the rice deal with Panama will not only see Guyana gaining “meaningful entrance” into a significant market on a long term basis, but will also increase the likelihood of Guyana’s rice export target being met. “Because of this deal, the original target of reaching 500,000-tonne export by 2020 has a real chance of happening in 2014,” he said.

The Agriculture Minister highlighted that it is expected that Guyana’s export for 2014 will surpass the 300,000 mark by end of August, the earliest time it has ever been able to reach 300,000 tonnes.

 

With this new export for 2014, Guyana is expected to export

between 475,000 to 500,000 tons for 2014

 

 

and to reach about

550,000 tons in 2015.

 

The actual export target for 2014 was 460,000 tons. The export in 2013 was 394,000 tons. “While production level will reach the 2020 target of 600,000 tons this year, the Government of Guyana’s effort has ensured that our market expansion programme also is keeping a close upward trajectory with increased production,” he said. Engagements with Panama have been ongoing for the last 18 months, however, Dr. Ramsammy acknowledge that the actual finalisation of the rice deal was due to the meeting between the two Presidents.

MUTUALLY BENEFICIAL Dr. Ramsammy added that the signing of the new contracts to supply rice to Panama, through the Government-to-Government arrangement, is also mutually beneficial, in that it: * Ensures that Guyana’s rice market continues to expand, even as production has increased significantly; and * Is in line with the move by Panama’s President Juan Carlos Varela to ensure a lower cost of living for Panamanians. He stated that the Government of Guyana, through the Ministry of Agriculture and the GRDB, and in collaboration with the Guyana Rice Producers’ Association (RPA), has been working diligently to expand market for Guyana’s rice and paddy to overseas markets. “At the meeting, the President of Panama was very assertive in describing Panama’s commitment to strengthening ties with Guyana and CARICOM and the agreement to allow Guyana to be a supplier of rice to Panama is a concrete example of how south-south cooperation can be accelerated. He expressed his determination to ensure that the people of Panama are able to access food at an affordable price and he sees the agreement between his Government and the Government of Guyana as one way to keep his commitment to the people of Panama to lower the cost of living,” Dr. Ramsammy said.

GREATER COLLABORATION The rice contract signed with the Government of Panama is a part of a larger agriculture cooperation agreement with Panama. The Agriculture Minister disclosed too that Guyana signed a Memorandum of Understanding (MOU) with Panama for collaboration in the development of agriculture and trade between the two countries, one an agriculture giant in CARICOM, and the other a trade and economic hub in Central America. The MOU is intended to facilitate a partnership between the two countries for scientists and agricultural research institutions to work collaboratively to enhance agriculture and trade between the countries and with other CARICOM and Central American countries. The areas identified for the collaboration include, but are not limited to, rice, fruits, vegetables, milk, meat, fish and other fields related to agriculture. The activities and programmes of cooperation will be achieved through exchange of delegations of experts, scientists and technicians, seed crops and animal breeds, information and technical documents, trade in agriculture products, joint organisation of technical seminars, workshops and conferences, coordination of research projects of interest to both countries, among others. Dr. Ramsammy noted that a Panamanian delegation is expected to visit Guyana in October for the Guyana’s first agriculture research conference. Subsequent to this, a working group, established to ensure the success of the bilateral engagements, is expected to make exchange visits every six months. The MOU gives effect to the intention of President Donald Ramotar and President Juan Carlos Varela of Panama to develop stronger ties between Guyana and Panama and between CARICOM and Central America – an issue that constituted broader discussions during their August 6 meeting in Columbia. Dr. Ramsammy expressed his optimism for the continued progress in the local agriculture sector.

(By Vanessa Narine)

 

 

 

 

 

Knucklehead,

Why you shouting so much on this board?

You do realize that its a turnoff dont you?Easy with the propaganda 

Did the PPP secure the Panama Market?

Originally Posted by Jalil:

VishMahabir VishMahabir is offline. Click for Member Snapshot.

          Member

Knucklehead,

Why you shouting so much on this board?

You do realize that its a turnoff dont you?

Easy with the propaganda

Propaganda is when Jagdeo steal Govt Money and

Bring Elizabeth Harper to the Queens Mandir....

and tell Hindu Hang Mala

around your Next Prime Minister Neck. 

 

Lies is when the PPP tell the Rice Farmers

Don't worry about No Confidence Motion

PPP gon Rule Forever

 

Look abee got Big Rice Contract with Panama

 

All we want is your Vote

we got Pie-In-De-Sky Promises fuh  yuh

 

 

 

Turnoff is when

man pull down man pants

and finger them

like at the Hut.

 

 

Shouting

is like when

Jail Bird Albert

leh me get a feel of the BT.

 

Knucklehead

Is when de-pony-tail

get cut off

 

 

 

 

Thats your problem KNUCKLUHEAD...you cant seem to distinguish between two people with the name "Vishnu".

 

You should do something constructive with the amount of time you have on your hand....try volunteering over the summer to clean up and make Georgetown green... might be good therapy...rather than shouting at the top of your voice and trying to silence other people....

 

Who are you the next Goebbels for the coalition government?....they seem to be doing rather OK without your propaganda mouthpiece...touche   

Originally Posted by VishMahabir:
Originally Posted by Jalil:

VishMahabir VishMahabir is offline. Click for Member Snapshot.

          Member

Knucklehead,

Why you shouting so much on this board?

You do realize that its a turnoff dont you?

Easy with the propaganda

Propaganda is when Jagdeo steal Govt Money and

Bring Elizabeth Harper to the Queens Mandir....

and tell Hindu Hang Mala

around your Next Prime Minister Neck. 

 

Lies is when the PPP tell the Rice Farmers

Don't worry about No Confidence Motion

PPP gon Rule Forever

 

Look abee got Big Rice Contract with Panama

 

All we want is your Vote

we got Pie-In-De-Sky Promises fuh  yuh

 

 

 

Turnoff is when

man pull down man pants

and finger them

like at the Hut.

 

 

Shouting

is like when

Jail Bird Albert

leh me get a feel of the BT.

 

Knucklehead

Is when de-pony-tail

get cut off

 

 

 

 

Thats your problem KNUCKLUHEAD...you cant seem to distinguish between two people with the name "Vishnu".

 

You should do something constructive with the amount of time you have on your hand....try volunteering over the summer to clean up and make Georgetown green... might be good therapy...rather than shouting at the top of your voice and trying to silence other people....

 

Who are you the next Goebbels for the coalition government?....they seem to be doing rather OK without your propaganda mouthpiece...touche   

 

He needs find a job instead begging for a lil food and a small change.

 

He nees to become a meaningful member of society.

Originally Posted by Mitwah:
Originally Posted by VishMahabir:
Originally Posted by Jalil:

In July 2014

Moses told PPP

Time to kick

no-confidence motion ball home

-Nagamootoo

http://www.stabroeknews.com/20...all-home-nagamootoo/

 

PPP seeing the end

fool the rice farmers about their

"Pie-in-the-Sky" Rice Deals

If any of this was true....

the Rice Industry was in good Shape

 

Panama - 150,000 Tons Market per Year

Minister of Agriculture Leslie Ramsammy noted that the rice deal,

which was signed

by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias,

and the GRDB General Manager, Mr. Jagnarine Singh,

will see Guyana exporting(GRDB)  50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage.

 

 Guyana clinches rice export deal

with Panama

Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj

Guyana clinches rice export deal with Panama

 

-5,000 tonnes of rice per month

to be shipped

GUYANA is positioned to become the most important player in the rice market of Panama, according to Agriculture Minister, Dr. Leslie Ramsammy, following the inking of a deal that will see Guyana supplying 5,000 tonnes of rice to Panama on a monthly basis, beginning from September.

 

Panama’s Vice Minister of Agriculture, Estebana Giron Dias, hands over the agreement documents to Agriculture Minister, Dr. Leslie Ramsammy

Panama’s Vice Minister of Agriculture, Estebana Giron Dias,

hands over the agreement documents

to Agriculture Minister, Dr. Leslie Ramsammy

At a press briefing yesterday at the Guyana Rice Development Board’s (GRDB) head office, Kingston Georgetown, he explained that Panama’s rice imports currently stand at 150,000 tonnes annually, an addition to their

own rice production. He noted that the rice deal, which was signed by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias, and the GRDB General Manager, Mr. Jagnarine Singh, will see

Guyana exporting 50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The agreement was signed last Thursday, at the Office of the Minister of Agriculture in Panama City and followed a meeting in Colombia between the Presidents of Guyana and Panama.

 

The two leaders met as Presidents for the first time in Columbia on Wednesday last, August 6. President Varela was sworn in as President of Panama on July 2nd 2014

. A team led by Dr. Ramsammy concluded successful meetings with officials of the Government of Panama that resulted in Guyana being given meaningful access to the Panamanian market. The other members on the team included General Manager of the GRDB, Mr. Jagnarine Singh and General Secretary of the Rice Producers Association, Mr. Dharamkumar Seeraj.

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by

Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage. Presently, Panama’s private sector controls the local food market, making it an open market.

 

 

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

 

 

“I have no doubt that our private sector will be successful in bidding to supply the 100,000 tonnes,” he said, adding his assurance that the private sector will have facilitation support for the exportation from the GRDB. The Agriculture Minster added that new contracts for 2015 are to be negotiated on satisfactory conclusion of these initial contracts.

 

MEETING EXPORT TARGETS Dr. Ramsammy contends that the rice deal with Panama will not only see Guyana gaining “meaningful entrance” into a significant market on a long term basis, but will also increase the likelihood of Guyana’s rice export target being met. “Because of this deal, the original target of reaching 500,000-tonne export by 2020 has a real chance of happening in 2014,” he said.

The Agriculture Minister highlighted that it is expected that Guyana’s export for 2014 will surpass the 300,000 mark by end of August, the earliest time it has ever been able to reach 300,000 tonnes.

 

With this new export for 2014, Guyana is expected to export

between 475,000 to 500,000 tons for 2014

 

 

and to reach about

550,000 tons in 2015.

 

The actual export target for 2014 was 460,000 tons. The export in 2013 was 394,000 tons. “While production level will reach the 2020 target of 600,000 tons this year, the Government of Guyana’s effort has ensured that our market expansion programme also is keeping a close upward trajectory with increased production,” he said. Engagements with Panama have been ongoing for the last 18 months, however, Dr. Ramsammy acknowledge that the actual finalisation of the rice deal was due to the meeting between the two Presidents.

MUTUALLY BENEFICIAL Dr. Ramsammy added that the signing of the new contracts to supply rice to Panama, through the Government-to-Government arrangement, is also mutually beneficial, in that it: * Ensures that Guyana’s rice market continues to expand, even as production has increased significantly; and * Is in line with the move by Panama’s President Juan Carlos Varela to ensure a lower cost of living for Panamanians. He stated that the Government of Guyana, through the Ministry of Agriculture and the GRDB, and in collaboration with the Guyana Rice Producers’ Association (RPA), has been working diligently to expand market for Guyana’s rice and paddy to overseas markets. “At the meeting, the President of Panama was very assertive in describing Panama’s commitment to strengthening ties with Guyana and CARICOM and the agreement to allow Guyana to be a supplier of rice to Panama is a concrete example of how south-south cooperation can be accelerated. He expressed his determination to ensure that the people of Panama are able to access food at an affordable price and he sees the agreement between his Government and the Government of Guyana as one way to keep his commitment to the people of Panama to lower the cost of living,” Dr. Ramsammy said.

GREATER COLLABORATION The rice contract signed with the Government of Panama is a part of a larger agriculture cooperation agreement with Panama. The Agriculture Minister disclosed too that Guyana signed a Memorandum of Understanding (MOU) with Panama for collaboration in the development of agriculture and trade between the two countries, one an agriculture giant in CARICOM, and the other a trade and economic hub in Central America. The MOU is intended to facilitate a partnership between the two countries for scientists and agricultural research institutions to work collaboratively to enhance agriculture and trade between the countries and with other CARICOM and Central American countries. The areas identified for the collaboration include, but are not limited to, rice, fruits, vegetables, milk, meat, fish and other fields related to agriculture. The activities and programmes of cooperation will be achieved through exchange of delegations of experts, scientists and technicians, seed crops and animal breeds, information and technical documents, trade in agriculture products, joint organisation of technical seminars, workshops and conferences, coordination of research projects of interest to both countries, among others. Dr. Ramsammy noted that a Panamanian delegation is expected to visit Guyana in October for the Guyana’s first agriculture research conference. Subsequent to this, a working group, established to ensure the success of the bilateral engagements, is expected to make exchange visits every six months. The MOU gives effect to the intention of President Donald Ramotar and President Juan Carlos Varela of Panama to develop stronger ties between Guyana and Panama and between CARICOM and Central America – an issue that constituted broader discussions during their August 6 meeting in Columbia. Dr. Ramsammy expressed his optimism for the continued progress in the local agriculture sector.

(By Vanessa Narine)

 

 

 

 

 

Knucklehead

Why you shouting so much on this board?

You do realize that its a turnoff dont you?Easy with the propaganda 

Did the PPP secure the Panama Market?

Did the government if Panama dent then that a deal for ricecsupplyvwas signed or is it now denying so? Am I missing something here?

Originally Posted by Zed:
Originally Posted by Mitwah:
Originally Posted by VishMahabir:
Originally Posted by Jalil:

In July 2014

Moses told PPP

Time to kick

no-confidence motion ball home

-Nagamootoo

http://www.stabroeknews.com/20...all-home-nagamootoo/

 

PPP seeing the end

fool the rice farmers about their

"Pie-in-the-Sky" Rice Deals

If any of this was true....

the Rice Industry was in good Shape

 

Panama - 150,000 Tons Market per Year

Minister of Agriculture Leslie Ramsammy noted that the rice deal,

which was signed

by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias,

and the GRDB General Manager, Mr. Jagnarine Singh,

will see Guyana exporting(GRDB)  50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage.

 

 Guyana clinches rice export deal

with Panama

Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj

Guyana clinches rice export deal with Panama

 

-5,000 tonnes of rice per month

to be shipped

GUYANA is positioned to become the most important player in the rice market of Panama, according to Agriculture Minister, Dr. Leslie Ramsammy, following the inking of a deal that will see Guyana supplying 5,000 tonnes of rice to Panama on a monthly basis, beginning from September.

 

Panama’s Vice Minister of Agriculture, Estebana Giron Dias, hands over the agreement documents to Agriculture Minister, Dr. Leslie Ramsammy

Panama’s Vice Minister of Agriculture, Estebana Giron Dias,

hands over the agreement documents

to Agriculture Minister, Dr. Leslie Ramsammy

At a press briefing yesterday at the Guyana Rice Development Board’s (GRDB) head office, Kingston Georgetown, he explained that Panama’s rice imports currently stand at 150,000 tonnes annually, an addition to their

own rice production. He noted that the rice deal, which was signed by the Panama’s Vice-Minister of Agriculture, Estebana Giron Dias, and the GRDB General Manager, Mr. Jagnarine Singh, will see

Guyana exporting 50,000 tonnes,

of the 150,000 tonnes, to Panama.

 

The agreement was signed last Thursday, at the Office of the Minister of Agriculture in Panama City and followed a meeting in Colombia between the Presidents of Guyana and Panama.

 

The two leaders met as Presidents for the first time in Columbia on Wednesday last, August 6. President Varela was sworn in as President of Panama on July 2nd 2014

. A team led by Dr. Ramsammy concluded successful meetings with officials of the Government of Panama that resulted in Guyana being given meaningful access to the Panamanian market. The other members on the team included General Manager of the GRDB, Mr. Jagnarine Singh and General Secretary of the Rice Producers Association, Mr. Dharamkumar Seeraj.

The remaining 100,000 tonnes,

according to Dr. Ramsammy,

can be supplied by

Guyana’s private sector,

since the two Governments agreed on levelling the playing field for Guyanese companies to be able to bid to supply the remaining tonnage. Presently, Panama’s private sector controls the local food market, making it an open market.

 

 

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

 

 

“I have no doubt that our private sector will be successful in bidding to supply the 100,000 tonnes,” he said, adding his assurance that the private sector will have facilitation support for the exportation from the GRDB. The Agriculture Minster added that new contracts for 2015 are to be negotiated on satisfactory conclusion of these initial contracts.

 

MEETING EXPORT TARGETS Dr. Ramsammy contends that the rice deal with Panama will not only see Guyana gaining “meaningful entrance” into a significant market on a long term basis, but will also increase the likelihood of Guyana’s rice export target being met. “Because of this deal, the original target of reaching 500,000-tonne export by 2020 has a real chance of happening in 2014,” he said.

The Agriculture Minister highlighted that it is expected that Guyana’s export for 2014 will surpass the 300,000 mark by end of August, the earliest time it has ever been able to reach 300,000 tonnes.

 

With this new export for 2014, Guyana is expected to export

between 475,000 to 500,000 tons for 2014

 

 

and to reach about

550,000 tons in 2015.

 

The actual export target for 2014 was 460,000 tons. The export in 2013 was 394,000 tons. “While production level will reach the 2020 target of 600,000 tons this year, the Government of Guyana’s effort has ensured that our market expansion programme also is keeping a close upward trajectory with increased production,” he said. Engagements with Panama have been ongoing for the last 18 months, however, Dr. Ramsammy acknowledge that the actual finalisation of the rice deal was due to the meeting between the two Presidents.

MUTUALLY BENEFICIAL Dr. Ramsammy added that the signing of the new contracts to supply rice to Panama, through the Government-to-Government arrangement, is also mutually beneficial, in that it: * Ensures that Guyana’s rice market continues to expand, even as production has increased significantly; and * Is in line with the move by Panama’s President Juan Carlos Varela to ensure a lower cost of living for Panamanians. He stated that the Government of Guyana, through the Ministry of Agriculture and the GRDB, and in collaboration with the Guyana Rice Producers’ Association (RPA), has been working diligently to expand market for Guyana’s rice and paddy to overseas markets. “At the meeting, the President of Panama was very assertive in describing Panama’s commitment to strengthening ties with Guyana and CARICOM and the agreement to allow Guyana to be a supplier of rice to Panama is a concrete example of how south-south cooperation can be accelerated. He expressed his determination to ensure that the people of Panama are able to access food at an affordable price and he sees the agreement between his Government and the Government of Guyana as one way to keep his commitment to the people of Panama to lower the cost of living,” Dr. Ramsammy said.

GREATER COLLABORATION The rice contract signed with the Government of Panama is a part of a larger agriculture cooperation agreement with Panama. The Agriculture Minister disclosed too that Guyana signed a Memorandum of Understanding (MOU) with Panama for collaboration in the development of agriculture and trade between the two countries, one an agriculture giant in CARICOM, and the other a trade and economic hub in Central America. The MOU is intended to facilitate a partnership between the two countries for scientists and agricultural research institutions to work collaboratively to enhance agriculture and trade between the countries and with other CARICOM and Central American countries. The areas identified for the collaboration include, but are not limited to, rice, fruits, vegetables, milk, meat, fish and other fields related to agriculture. The activities and programmes of cooperation will be achieved through exchange of delegations of experts, scientists and technicians, seed crops and animal breeds, information and technical documents, trade in agriculture products, joint organisation of technical seminars, workshops and conferences, coordination of research projects of interest to both countries, among others. Dr. Ramsammy noted that a Panamanian delegation is expected to visit Guyana in October for the Guyana’s first agriculture research conference. Subsequent to this, a working group, established to ensure the success of the bilateral engagements, is expected to make exchange visits every six months. The MOU gives effect to the intention of President Donald Ramotar and President Juan Carlos Varela of Panama to develop stronger ties between Guyana and Panama and between CARICOM and Central America – an issue that constituted broader discussions during their August 6 meeting in Columbia. Dr. Ramsammy expressed his optimism for the continued progress in the local agriculture sector.

(By Vanessa Narine)

 

 

 

 

 

Knucklehead

Why you shouting so much on this board?

You do realize that its a turnoff dont you?Easy with the propaganda 

Did the PPP secure the Panama Market?

Did the government if Panama dent then that a deal for ricecsupplyvwas signed or is it now denying so? Am I missing something here?

 Sorry about the garbled response. Darn iPad. and fat fingers

Did the government of Panama deny then or now that a deal to supply rice to Panama was signed? Am I missing something here?

 Quote Zed : Sorry about the garbled response. Darn iPad. and fat fingers

Did the government of Panama deny then or now that a deal to supply rice to Panama was signed? Am I missing something here?

 

Yes you are missing....

 

PPP told the Rice Farmers

Look we got your Back Covered

 

 

PPP clinches rice export deal

with Panama

Related image

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

From left: Agriculture Minister, Dr. Leslie Ramsammy and Panama’s Vice Minister of Agriculture of Panama, Estebana Giron Dias signing MOU. Seated in the centre witnessing the signing is Panama’s President Juan Carlos Varela

 Related image

Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Seated from left: GRDB General Manager, Mr. Jagnarine Singh, Director General of Panama’s Institute of Agriculture Marketing, Mr. Edwin Cardenad signing the rice sales contract. Standing, from left, are Agriculture Minister, Dr. Leslie Ramsammy and RPA General-Secretary, Dharamkumar Seeraj
Related image

Panama’s Vice Minister of Agriculture, Estebana Giron Dias, hands over the agreement documents to Agriculture Minister, Dr. Leslie Ramsammy

Panama’s Vice Minister of Agriculture,

Estebana Giron Dias,

hands over the agreement documents

to Agriculture Minister, Dr. Leslie Ramsammy

 

 
You lied to the
Image result for Rice Farmers in Guyana
 
poor Guyanese Rice Farmers
Originally Posted by Ramakant-P:

The rice industry was in good condition until the panama deal. Moses should be able to throw  some light on it.  if the problem still exists , then there is no change.

ONLY THE PP IS CAPABLE OF A PROGRESSIVE GUYANA. IN 5 YEARS GUYANA WILL BE DESTROYED!!!!!!!! IT IS UNFORTUNATE BUT WHEN YOU GIVE JACKASSES AND HOUSE SLAVES TO RUN A COUNTRY YOU SHOULD EXPECT THE WORST!!!!!!!!!!!

Originally Posted by Ramakant-P:

The rice industry was in good condition until the panama deal. Moses should be able to throw  some light on it.

  if the problem still exists , then there is no change.

Rama....Finally yuh admitt

 

The Destruction of the Rice Industry

Image result for Rice Farmers in Guyana

was under the PPP

 

Now Rama....Admitt

The Sugar Industry was left Bankrupt

Image result for Sugar workers in Guyana

by the PPP on May 11th....

 

 

 

And the Petro Caribe Fund

Image result for Petro Caribe Guyana

was left Empty by the PPP

 

 

Moses & Granger

working to fix

these Major Problems

 Image result for AFC Apnu

Originally Posted by Nehru:
Originally Posted by Ramakant-P:

The rice industry was in good condition until the panama deal.

Moses should be able to throw  some light on it. 

if the problem still exists , then there is no change.

ONLY THE PP IS CAPABLE OF A PROGRESSIVE GUYANA.

IN 5 YEARS GUYANA WILL BE DESTROYED!!!!!!!!

IT IS UNFORTUNATE BUT WHEN YOU GIVE JACKASSES

AND HOUSE SLAVES TO RUN A COUNTRY

YOU SHOULD EXPECT THE WORST!!!!!!!!!!!

Nehru....

Let us See how Moses & Granger will do in 5 years.

 

Remember......

They took over a Bankrupt Sugar Industry.

 

The Rice Farmers were fooled about

A Pie-in-de-sky Deal with Panama.

 

PPP did not the farmers

Venezuela Cancel the Rice Deal.

 

PPP did not tell the Farmers

they will not get paid for the Crop

they turned over to the Big Rice millers.

 

 

The PPP did not tell the Voters

the Petro Caribe Fund is Empty.

Originally Posted by Ramakant-P:

The rice industry was in good condition until the panama deal. Moses should be able to throw  some light on it.  if the problem still exists , then there is no change.

The Panama deal was a PPP deal.  I suggest that Jagdeo tells the truth on this.

Rice farmers have to organize and source their own markets. If they can't produce at a profit then they need to exit the industry. Meanwhile the Granger led administration seem to have no answer to reviving the economy as they have now began to play the blame game.

GRDB loan…Audit exposed $100M transaction – Sharma

OCTOBER 6, 2015 | BY  | FILED UNDER NEWS 

The Government of Guyana was never told of the transaction when it entered office, and may have never known about it had it not been for the forensic audit, currently taking place.

Junior Finance Minister Jaipaul Sharma

Junior Finance Minister Jaipaul Sharma

This is according to Junior Finance Minister Jaipaul Sharma, who bears oversight for the forensic audits. The audit into GRDB was undertaken by Nigel Hinds and Associates and was ordered by the Government back in June of 2015.
Last week forensic auditors combing through GRDB books, discovered that $100M was ‘borrowed’ from the agency by Guyana Rice Producers Association (GRPA) General Secretary Dharamkumar Seeraj, reportedly to pay farmers who had supplied paddy but were left being owed for extended periods.
According to Sharma, the loan agreement constituted just three paragraphs, complete with the signatures of former Minister of Agriculture Dr. Leslie Ramsammy, former GRDB General Manager Jagnarine Singh and Seeraj, who at the time was the Vice President of the GRDB.
The Junior Finance Minister went on to note that the loan agreement was drawn up in such an ad hoc way, that there was no mention of the purpose of the loan. In addition, there was just a promissory note to repay signed by Seeraj.
Sharma went on to relate that the present Government was not updated about the arrangement, which was brokered in July 2014, when it took office in May last.
Thus, Sharma noted, the nation would probably have never known about the agreement had it not been for the forensic audit. Also, any reason for seeking the loan could have been advanced once it was unearthed, as the reason was not stated in the paperwork in the first place, he explained.
The Minister went on to point out that there was subterfuge and irregularity throughout the entire transaction. The GRDB, he noted, was not a bank that could give loans in the first place.
According to reports, Seeraj, a serving People’s Progressive Party (PPP) Member of Parliament signed for the ‘loan’ with the understanding that it would have been repaid in October 2014. Exactly one year later, that money is yet to be repaid.
Reports went on to indicate that the loan was approved by former GRDB General Manager, Jagnarine Singh. At the time Seeraj was serving as Vice President of the GRDB, a position he relinquished in July of 2015.
At one point, the Guyana Agriculture and Investment Bank (GAIBANK) provided financing for farmers on a developmental basis. In the past two decades, however, farmers have had to use local Commercial banks with the requisite interest rates to be paid.
The rice industry has been struggling in recent times as many farmers, faced with huge production costs and low prices per bag of paddy have indicated that they will not return to rice production. This has been coupled with the loss of the Venezuelan market and uncertainty about alternate markets for rice.

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