- Guyana Daily Business
- Posts
- Saturday 01/03/2025 - 🍚Rice Price Causes Spice
Saturday 01/03/2025 - 🍚Rice Price Causes Spice

⏱️ 5 - 6 minute read
Hi, reader
Today's newsletter dives into major business developments, from billion-dollar investments to new economic opportunities. Stay ahead with insights on Guyana’s booming sectors and emerging side hustles
Here’s what you can expect:
Business News đź“°
Side Hustle Ideas đź’ˇ
Today's Proverb:
"In the street of the blind, the one-eyed man is called the Guiding Light." - Persian (Iran)
Meaning: In situations where general knowledge or skills are lacking, even a little expertise can be highly valuable, emphasizing the importance of skill and knowledge in business.

*AI generated artistic representation of the article
Low Paddy Prices Spark Protests—Government Seeks Solutions
With an oversupply of rice and falling global prices, Guyanese rice farmers are protesting against millers offering low paddy prices. The government is working on interventions, including securing new export markets and promoting domestic consumption to support farmers. Vice President Jagdeo has hinted at upcoming relief measures, including possible subsidies and industry support. The rice industry is projected to grow by 12.4% in 2025, further exacerbating the supply-demand imbalance.

*AI generated artistic representation of the article
Caribbean Leaders to Push U.S. for Trade Talks and Labor Policy Review
Georgetown, Guyana – The Caribbean Community (CARICOM) is gearing up for talks with the Biden administration over expanded visa restrictions on Cuban workers, a move that could impact regional healthcare systems and economic cooperation. Guyana’s Vice President Bharrat Jagdeo emphasized that Caribbean leaders are pushing for a direct dialogue with U.S. officials, including Secretary of State Marco Rubio and President Trump, to address concerns related to labor policies and trade. This comes as the U.S. tightens its stance on Cuba’s medical workforce program, which has long supported healthcare in CARICOM nations.

*AI generated artistic representation of the article
Business Opportunities Based On Today’s Developments
Small Enterprises (Startups & Microbusinesses)
High-Quality Local Construction Materials Supply
With the government cracking down on substandard construction materials, there is a strong opportunity for small businesses to supply certified, high-quality concrete, cement, sand, and aggregates.
Small-scale suppliers who can guarantee consistent quality may gain contracts from private developers and public projects.
Key Consideration: Certification and quality control will be crucial. Businesses should explore partnerships with established testing labs.
Value-Added Rice Products for Domestic Consumption
With an oversupply of rice and low global prices, small businesses can focus on producing value-added rice products, such as rice flour, rice snacks, or fortified rice products.
Key Consideration: Collaboration with food technologists to ensure products meet consumer demand. Government support and incentives may be available to encourage local use of rice.
Specialized Transport Services for Hazardous Medical Materials
The health sector’s need for improved hazardous material transport presents an opportunity for small logistics businesses to offer specialized transportation services.
This can include biohazard transport, sterilization services, and waste disposal for healthcare facilities.
Key Consideration: Investment in proper safety equipment and compliance with emerging regulations will be essential.
Medium Enterprises (Growing Businesses & Scale-Ups)
Luxury Hospitality Services for the Qatari Hotel Project
With a $300 million Qatari hotel project in development, medium-sized businesses can establish high-end service offerings such as boutique catering, luxury event planning, and tourism experiences tailored to business and luxury travelers.
Key Consideration: Businesses should begin networking with project stakeholders now to secure vendor agreements before the hotel opens.
Local Concrete and Road Infrastructure Contracting
Given the government’s focus on ensuring high-quality public infrastructure, medium-sized enterprises specializing in roadworks and concrete supply have an opportunity to secure public contracts.
Companies that invest in quality control and comply with standards will have a competitive edge as low-quality suppliers are removed from the market.
Key Consideration: Partnerships with certified material suppliers and investment in testing equipment will be necessary.
Rice Export Brokerage & Market Development
With the Guyanese government looking for new rice markets, there is an opportunity for medium-sized enterprises to act as export brokers or set up rice distribution networks in new territories.
Key Consideration: Understanding trade regulations and logistics costs will be key to securing deals with foreign buyers.
Large Enterprises (Corporate & Institutional Investments)
Multi-Purpose Agro-Industrial Processing Facility
With the rice sector struggling due to oversupply and falling prices, a large-scale agro-processing facility can be established to convert rice into high-value derivatives such as rice bran oil, rice protein, and bioethanol.
Key Consideration: Requires major investment but aligns with government priorities, making grants or incentives possible.
Medical Logistics and Waste Processing Infrastructure
As the government invests in improving hazardous material transport and lab testing facilities, large enterprises could develop nationwide medical logistics networks, including waste disposal and sterilization plants.
Key Consideration: Strategic partnerships with the Ministry of Health and compliance with international biohazard standards will be necessary.
Premium Real Estate Development for Hospitality and Tourism
The Qatari hotel project signals a growing demand for luxury accommodations. Large-scale developers can explore building complementary properties, such as branded serviced apartments, exclusive resorts, or high-end residential complexes near the project site.
Key Consideration: Investors should secure land now before prices increase and should consider unique offerings that align with the high-end market.
Final Thoughts
Infrastructure and hospitality are two of the biggest areas of opportunity based on today’s news.
Government-backed projects and initiatives (such as rice market development and hospital logistics) will offer funding and policy support for those who position themselves strategically.
Quality control and compliance will be key differentiators across all sectors, particularly in construction and food processing.
By aligning with government priorities and market needs, businesses can position themselves for sustainable growth while contributing to Guyana’s economic expansion.
Side Hustle Ideas Based On Today’s Developments
1. Premium Local Construction Materials Reseller (High-Quality Cement & Aggregates)
Why?
The government is cracking down on substandard construction materials, creating a strong demand for verified high-quality cement, concrete, and aggregates.
Contractors and individuals building homes will need reliable suppliers who can guarantee compliance with the new regulations.
How It Works:
Partner with reputable cement and aggregate distributors.
Offer a mobile delivery service where small contractors and individuals can order online (WhatsApp, social media) and receive deliveries.
Focus on high-margin products, such as pre-mixed concrete bags, high-quality cement, and specialty aggregates.
Investment:
Low to Moderate – You can start as a reseller without storing inventory, working on a pre-order basis to minimize risk.
Scalability:
This can grow into a full-fledged construction supply business if demand increases.
2. Value-Added Rice Snack Production (Rice Chips, Crackers, or Cereal)
Why?
Guyana is experiencing a rice surplus, and the government is looking for ways to increase domestic consumption.
Health-conscious consumers and middle-class families are increasingly looking for alternative snacks made from natural ingredients.
How It Works:
Source low-cost, surplus rice directly from farmers.
Use a small dehydrator or air fryer to produce rice chips, rice crackers, or puffed rice cereal.
Brand and package the product attractively and sell it at supermarkets, gyms, schools, and farmers' markets.
Investment:
Low – A small food dehydrator and packaging materials.
Moderate – If you want to brand the product professionally.
Scalability:
If demand increases, you could transition to bulk orders and export in the Caribbean.
3. Mobile Hazardous Waste Disposal & Biohazard Cleaning Service
Why?
The health sector is investing in hazardous material transport, meaning hospitals, clinics, and private labs will need waste collection and sterilization services.
Many businesses (restaurants, bars, salons) generate biowaste (expired food, cleaning chemicals, and used medical tools) but do not have proper disposal solutions.
How It Works:
Start by offering contract services to small private medical offices, clinics, and beauty salons.
Secure an authorized waste disposal partnership with an existing sanitation company.
Provide deep cleaning services for hospitals and labs handling biohazards.
Investment:
Moderate – Purchase of safety gear, waste disposal containers, and sterilization equipment.
High Potential – If expanded into corporate contracts.
Scalability:
This could evolve into a large waste management business servicing the entire medical and industrial sector.
Final Thoughts
Each of these side hustles taps into an emerging economic need in Guyana driven by government priorities and business expansion.
They don’t require full-time commitment but offer strong income potential with the right approach.
If executed well, these side hustles could turn into full businesses with minimal additional investment.
These ideas align with the economic trends in Guyana, allowing people with full-time jobs to create high-value income streams without massive upfront capital.
Reply