Despite the Guyanese government’s efforts to expand rice markets in regions like Mexico and Saudi Arabia, the Ministry of Finance’s mid-year economic report reveals a significant decline in international rice prices, far below initial projections. The report, presented to the National Assembly, indicates that rice prices are expected to average US$406 per metric tonne in 2025, marking a 31% year-on-year decrease and falling short of the US$530 per metric tonne forecasted during the 2025 National Budget preparation. This downturn is attributed to increased global production and unlocked inventories in major exporting countries such as India, compounded by a new harvest in Vietnam. Despite the price slump, Guyana’s rice production target for 2025 remains steady at 804,000 tonnes, with a growth target of 12.4%. The government continues to support farmers through initiatives like fertiliser and pesticide subsidies, alongside innovative pest control methods. Additionally, efforts to secure higher paddy prices for millers are ongoing, with some already paying GY$2,500 per bag. The Guyana Rice Development Board (GRDB) reported a production of 410,194 tonnes of rice equivalent in the first half of 2025, a significant increase from 362,030 tonnes in the same period last year. Favourable weather conditions have also contributed to a yield of 6.6 tonnes per hectare for the first crop of 2025. The government’s comprehensive support, including the release of biocontrol predators and ongoing research on rice insect pest management, underscores its commitment to sustaining the rice industry amidst global market challenges.