{"id":28157,"date":"2026-01-27T12:11:15","date_gmt":"2026-01-27T16:11:15","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=28157"},"modified":"2026-01-27T12:45:06","modified_gmt":"2026-01-27T16:45:06","slug":"430m-allocated-for-rice-paddy-production","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/430m-allocated-for-rice-paddy-production\/","title":{"rendered":"$430M allocated for rice &amp; paddy production"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Some\u00a0$430 million\u00a0has been budgeted to support rice and paddy production, as\u00a0government targets improved output, storage, and market access.<\/p>\n\n\n\n<p>Overall, $113.2 billion\u00a0has been allocated to advance the agriculture sector\u00a0this year.\u00a0<\/p>\n\n\n\n<p>This was announced by Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, as he presented the $1.558 trillion 2026 budget.<br><br>The allocation for rice and paddy production&nbsp;follows years of steady growth in the sector, which remains central to Guyana\u2019s food security and economic diversification.<\/p>\n\n\n\n<p>Government says targeted investments over the last five years have steadily increased rice production.&nbsp;<\/p>\n\n\n\n<p>Interventions have included the distribution of climate-resilient, high-yielding seed varieties, the construction of drying floors, research into value-added rice products, and access to export markets.&nbsp;<\/p>\n\n\n\n<p>Farmers and millers have also received billions in direct support, while a crop insurance facility was launched at no cost to farmers.<\/p>\n\n\n\n<p>\u201c<strong>Over the next five years, Government will invest in seed processing facilities, establish rice producing clusters, promote domestic fertiliser production, [and] increase storage capacity through climate-controlled silos. We will&nbsp;work diligently to secure lucrative markets for paddy and rice, and develop and market value-added rice-based products.&nbsp;For the commencement 0f construction of&nbsp;Silos, an&nbsp;amount of $1 billion is&nbsp;provided in this year\u2019s budget,\u201d <\/strong>Dr Singh said.<\/p>\n\n\n\n<p>Looking ahead, Government is not only focusing on production at home but is also seeking to expand Guyana\u2019s presence in international rice markets.&nbsp;<\/p>\n\n\n\n<p>Plans are underway to introduce new aromatic and biofortified varieties, develop value-added products, and strengthen trade links to ensure that local farmers benefit from growing demand abroad.<\/p>\n\n\n\n<p><strong>\u201cWe are already&nbsp;pursuing&nbsp;trade opportunities for rice, including with our counterparts in Mexico and in Europe,\u201d he added.<\/strong><\/p>\n\n\n\n<p>Improved farming practices, including nano&nbsp;fertilisers&nbsp;and certified seeds, are also expected to further increase productivity.<\/p>\n\n\n\n<p>In 2025, excluding fertiliser and paddy subsidies, $430.9 million was spent on developing the rice industry.&nbsp;<\/p>\n\n\n\n<p>The additional $430 million for the rice industry reinforces rice as a strategic crop for food security, rural livelihoods, and economic growth.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some\u00a0$430 million\u00a0has been budgeted to support rice and paddy production, as\u00a0government targets improved output, storage, and market access. Overall, $113.2 billion\u00a0has been allocated to advance the agriculture sector\u00a0this year.\u00a0 This&hellip;<\/p>\n","protected":false},"author":1,"featured_media":28158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[468,572,350],"tags":[488,537,370,412,405,578,577],"class_list":["post-28157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-budget-2026","category-news","tag-488","tag-budget-2026","tag-guyana","tag-ncn-guyana","tag-ncn-news","tag-paddy","tag-rice"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=28157"}],"version-history":[{"count":2,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28157\/revisions"}],"predecessor-version":[{"id":28175,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28157\/revisions\/28175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/28158"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=28157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=28157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=28157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}