No increase in retail rice price – Agri Ministry

In response to recent reports suggesting a surge in retail prices for parboiled rice, the Agriculture Ministry has reassured consumers that prices have remained stable in recent months.
Based on comprehensive monthly market surveys conducted by the Guyana Rice Development Board (GRDB) in various regions, it has been established that prices for parboiled rice have not seen any notable fluctuations. For the period spanning May to June 2024, the price of parboiled rice stood consistently at $2180 per 10 kg sack. Similarly, white rice prices remained unchanged at $1960 per 10 kg over the same period.
This stability has been affirmed by rice millers, who have confirmed their commitment to maintaining current price levels. They have emphasised their efforts to uphold price stability despite any external pressures.
Data from the surveys indicates that there is an adequate supply of rice within the market, ensuring that consumers continue to have access to this essential staple food.
The Agriculture Ministry in a statement has underscored its dedication to safeguarding the affordability of rice for all consumers while supporting the economic sustainability of rice farmers. Officials emphasised the critical balance needed to sustain the agricultural sector and meet the nutritional needs of the population.
In response to the reports of price increases, the Ministry expressed concern that these may be driven by misleading information spread by a few individuals seeking to disrupt market stability. They assured the public that the Guyana Marketing Corporation will intervene as necessary to enforce price stability measures nationwide.
Moreover, the ministry, through the GRDB, will intensify its monitoring of rice prices across the country to promptly address any irregularities that may arise.