Venezuela halts all rice, paddy shipments
…270 containers of rice stuck on wharf, over US$5M in limbo
Rice shipments bound for Venezuela
As the fallout from the collapse of the Guyana/Venezuela rice deal continues, Venezuela yesterday issued a directive for Guyana to cease all paddy and rice shipments to the neighbouring country with immediate effect.
This comes four months before the PetroCaribe agreement was scheduled to come to an end.
With some 270 containers of rice worth over US$5M left stranded on the wharves, and a further surplus crop expected to come by next month, this latest move by the oil producing giant, leaves Guyana with a more urgent need than ever to find an alternative market to Venezuela, which was responsible for 34 percent of rice exports under the PetroCaribe oil for rice deal. Continue reading →
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“No one will come between us” – Venezuelan leader tells Guyana
SEPTEMBER 1, 2013 | BY
KNEWS |
Guyana and Venezuela have recommitted to stronger ties and increased cooperation in areas of transportation and trade.
In his first official visit since becoming leader of neighbouring Venezuela, President Nicolas Maduro Moros also joined President Donald Ramotar in opposing possible military strikes by the US against war-torn Syria. The Venezuelan leader said that nothing gives US the right to be the judge and decide the future of another country. Yesterday, US President Barack Obama held off decisions on ordering a strike, saying he wanted Congress’ approval first.
Picture: President Donald Ramotar holds aloft a portrait of Simon Bolivar presented to him by Venezuelan President Nicolas Maduro, yesterday, at the International Conference Centre.
Maduro’s visit comes at a time when Guyana would want reassurance about the PetroCaribe agreement – an oil-for-rice deal that was forged by former Venezuela leader, Hugo Chavez. Under that deal, Guyana buys oil under concessional terms from Venezuela and provides rice in return. Local farmers have been happy over the stability offered by that market.
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