According to a release, GRDB’s Acting General Manager, Nizam Hassan explained that “this is the payment that Guyana has received from Panama for its supply of almost 7,500 tonnes of rice. Over $660M has been paid out. All millers have been paid in full.”
It was noted that this payment was made on the second contract for rice supplied to the Spanish country between September and October 2015. With payment arriving in such a short time, GRDB is confident that this can be seen as a start to the potential end of lengthy waiting periods for rice payments, by farmers.
Hassan said, “Farmers can expect payment now that millers have been paid.”
The release noted that GRDB has been working closely with all stakeholders to address the ongoing challenge farmers’ face in receiving early payment from millers, for paddy sold.