Mahaicony Rice Mill harmful to rice trade- Minister Persaud

Georgetown : The Agriculture Ministry has stepped in to bring relief to rice

farmers from Region Two who are collectively owed close to $29M by the
Mahaicony Rice Mill and its agents.    
Minister of Agriculture, Robert Persaud during a meeting with the farmers at
his office said that the Ministry, through the Rice Producers'
Association (RPA) and the Guyana Rice Development Board (GRDB), has been
engaging the farmers over the last seven to eight months with the hope that
the Mahaicony Rice Mill would have cleared its debt.

The company is not living up to its commitment by mistreating farmers and disrespecting the rice industry as a whole.
 He disclosed that by next week farmers will be able to access
some amount of finances. Moreover, the farmers will be authorising the RPA
to pursue Arnold Sankar from the Mahaicony Rice Mill to recoup the money,
which will be used to reimburse the Association as well as recover the
balance owed to them.
Further, two assets, one at Vilvoorden, Region Two and the other
at Black Bush Polder, Region Six that were pledged by Mahaicony Rice Mill to
a financial institution have now moved to the court, as a result of failure
to service that debt.