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This paper analyses recent structural changes to Guyana's economy,
particularly in the agriculture sector, and their impacts on
productive, commercial and economic performance. It identifies
vulnerabilities and examines options for moving from a focus on a
few commodities to a more diversified export basket. It further
sheds light on variables that may influence agricultural demand
such as increased tourism, changes in food consumption patterns and
new regional markets. Guyana has one of the largest agricultural
economies in the Caribbean, with sugar, rice, and livestock
representing the most important subsectors. As a result of changes
in international markets, particularly in the European Union,
Guyana's production of export crops has lost some competitiveness.
The importance of agriculture to the economy has also diminished
due to the emergence of other sectors, such as mining and energy.
Nevertheless, agriculture remains a significant source of
employment, especially in rural areas. The report suggests that any
effort to diversify the agriculture sector should focus on value
chain development policies and programmes that can enable the
country to fulfil local, regional, and international demands for
high-value agrifood produce. This involves improving the
environment in which farmers and agribusinesses operate. This
report also identifies commodities that could provide a basis for
greater product diversification, including oil seeds, bovine meat,
fish flours, palm oil, cocoa products, and aquaculture products.
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