Guyana records 7% increase in rice production and 28% increase in sugar production in 2023

Published 2023년 12월 31일

Tridge summary

The Government of Guyana reported a 7% increase in rice production, earning US$210 million, and a 28% increase in sugar production in 2023. The Agriculture Minister highlighted that the increase in income was due to accessing more international markets, and the ministry will continue to explore options to expand rice production. Additionally, the government will invest US$38.6 million in the sugar industry after registering a 28% increase in sugar production in 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Government of Guyana reported this Sunday a seven percent increase in rice production this year, obtaining income of US$ 210 million and 28% in sugar production, compared to 2022. “In 2023 we saw an increase in rice production by seven percent, which translates to the production of 653,706 metric tons,” said Agriculture Minister Zulfikar Mustapha. According to data provided by the Guyanese Minister of Agriculture, rice yield increased from 6.2 tons to 6.3 tons per hectare. “We earn approximately 45.2 billion Guyanese dollars, which is equivalent to US$210 million in 2023. More than US$3 billion more than in 2022,” Mustapha highlighted, pointing out that the increase in income is due to Guyana being able to access more markets. international. In this sense, the minister specified that a laboratory in Guyana will carry out research with the Inter-American Institute for Cooperation on Agriculture (IICA), the international organization that has been collaborating with the Latin ...
Source: PEgestion

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