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    Rice will be from Guyana

    09/21/10 07:25

    In the next months to come, Venezuela will be eating rice grown from Guyana. The Associated Press reported that Guyana will be selling the commodity to Venezuela in a $38M deal. About 70,000 tons would be sold to Venezuela at $700 per ton which will take 30 percent of the autumn harvest. The trade agreement will also help offset a $160 million debt by Guyana from the oil it receives under the the PetroCaribe agreement. More details on this here:

    Link: Suit Blog; September, 2010 Archive; Suit Blog


    Tags: business suit • trade • guyana • commodity •
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