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RICE OUTPUT TO DECLINE.

Rice production is expected to dip further this crop following a 20% drop for the last crop due to the fickle weather and this would make it a relatively poor year for the industry, reports The Stabroek News (July 29, 2002). Rice farmers are still experiencing difficulties in getting their loans rescheduled at the banks even though an agreement was reached with the Government on this. So far for this crop, only 42,000 hectares of the 82,000 hectares available has been cultivated and it is already well into the season. It is estimated that only 65% of the land available will eventually be planted. General Secretary of the Guyana Rice Producers Association (GRPA), Dharamkumar Seeraj, said that the process at the banks in dealing with the debt rescheduling was slow and tedious, but he said it was understandably so in some cases. One of the problems, he noted, was that a lot of the farmers were finding it difficult to meet the bank requirements in time to have their loans rescheduled such as insurance policies, re-valuation of assets, and additional security.

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Title Annotation:Guyana rice production to fall after 20% drop
Comment:RICE OUTPUT TO DECLINE.(Guyana rice production to fall after 20% drop)
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:3GUYA
Date:Sep 1, 2002
Words:185
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