THE Guyana/Venezuela rice agreement under the PetroCaribe deal is not in jeopardy, and there is no question of Venezuela putting a halt on rice shipments before this year’s supply contract comes to an end in November, Agriculture Minister, Noel Holder told members of the Guyana Millers and Exporters Marketing Association yesterday. The delegation was headed by Chairman of the Guyana Millers and Exporters Marketing Association, Dr. Peter De Groot, sought an update from the Minister as to whether the Guyana/Venezuela rice deal was in jeopardy.
The Minister explained that Guyana had varied from its schedule of shipments by increasing the rate of rice shipments. This has caused problems at the receiving end in Venezuela, and Guyana has been asked to revert to the agreed schedule. The total quantity under the existing contract will be accepted until the contract comes to an end in November.

The Venezuelan authorities have indicated to Guyana that they are prepared to discuss continued shipments of rice and other commodities as part of a revised agreement for 2016.
A high level team, inclusive of representatives from the Guyana Millers and Exporters Marketing Association, is expected to visit the Spanish speaking country shortly, to discuss the way forward for the supply of commodities in exchange for oil under the PetroCaribe agreement.
“Venezuela has assured us that rice shipments from Guyana have not been stopped. However, the rate of supply has to be adjusted in keeping with the agreed schedule,” Minister Holder said.
Dr. Peter De Groot welcomed the announcement, alluding to the fact that the Association will be working collaboratively with the Guyana Government and Venezuela to ensure that all avenues are looked explored and that the present misconception is cleared.
The meeting was also attended by Permanent Secretary of the Ministry of Agriculture, Mr. George Jervis.