# Essequibo businessmen contemplate the fate of rice and the future of the region’s economy - Stabroek News

> Guyana's Essequibo rice farmers report shrinking margins after the loss of the PetroCaribe arrangement with Venezuela, which had once paid up to US$700 a ton. Paddy now fetches around US$375 a ton, and acreage has not yet declined.

- Date: 2017-06-23 · published 2017-06-23T12:00:00.000Z
- Category: policy · region Guyana · magnitude low
- Page: https://feedsoft.ai/events/70562-essequibo-businessmen-contemplate-the-fate-of-rice-and-the-future-of-the-region
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

This is a regional income story with limited effect on world prices, since the Essequibo rice sector is small relative to global supply.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
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| RICE | 2020-08-01 | [Tweak FCI's procurement strategies to boost rice exports: Expert panel \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/51564-tweak-fci-s-procurement-strategies-to-boost-rice-exports-expert-panel-economy.md) | -0.6% | +6.3% |
| RICE | 2023-12-21 | [India's agri exports may stay flat in FY24 due to ban on wheat, rice, sugar \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/32644-india-s-agri-exports-may-stay-flat-in-fy24-due-to-ban-on-wheat-rice-sugar.md) | -1.2% | +1.2% |
| RICE | 2023-10-30 | [India's rice export restrictions are pushing global south towards a crisis \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/33578-india-s-rice-export-restrictions-are-pushing-global-south-towards-a-crisis.md) | -0.0% | +6.3% |

## Sources

- stabroeknews.com: https://www.stabroeknews.com/2017/06/23/business/essequibo-businessmen-contemplate-fate-rice-future-regions-economy/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.