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Reply to "Rice exports bags US$10M more in bumper first crop"

caribny posted:
 
 

We don't even know what these oil revenues will be.  I think that Guyanese should stop spending money before it is earned.   In any case subsidies in farming need to go to expanding non traditional sectors and also basic food production, including agro industries.  Its a disgrace that Guyana imports fruit juices from Barbados!  Guyana should export its own as well as the concentrates to manufacturers in the Caribbean.

What we do know is that oil revenues will be much less that other African nations, due to bad negotiation with Exxon by the govt.  Chris Ram have been exposing the bad deal in a series of articles. Even overseas organizations have sounded the warning bugle. Many here have turned a deaf ear to these warnings and even excuse the blatant giveaway of Guyana's assets by APNU.  Instead they revel in the charges brought against Singh and Brassington over relative chump change, while Exxon gets to charge outrageous sums for "administrative" fees. 

Regarding imports of fruit juices, this is a direct impact of Guyanese taste for everything foreign at the detriment of local producers. Imagine you can get a fresh squeezed glass of orange juice, but people prefer a package of koolaid. Just the other day the newspapers announced with great fanfare the foray of Juicy Juice(Nestle) into the Guyanese market as though it was the greatest thing since slice bread. It is not the case that there are no producers of juice, but rather the demand for local is just not there. 

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