Landmark MoU signed between Bloomberg Grain & Guyana to develop food hub

A Memorandum of Understanding that will pave the way for a regional food hub at Yarrowkabra, along the Soesdyke-Linden Highway, was signed between Bloomberg Grain and the Government of Guyana on Wednesday.

The MoU signing was conducted at the Ministry of Agriculture’s main boardroom on Regent Street, Georgetown. Agriculture Minister Zulfikar Mustapha said this memorandum will bolster the country’s agriculture sector to serve as a regional food hub.

“We’ve moved away from that kind of labour-intensive form of production to a more modern and scientific form of production,” Mustapha said.

Bloomberg Grain’s Chairman, Philip Bloomberg, said the renowned U.S.-based agricultural company intends to designate Guyana as its official hub in the Caribbean.

“We’re prepared to invest in processing our Guyanese agricultural products. That means higher value for farmers and an easier way to export.

“We will look to invest in a manufacturing plant because we don’t just do food security — we cover the whole spectrum, and the manufacturing plant will be used to produce the most advanced shade houses,” Bloomberg said.

There have been discussions for further investments in farming. He said President Dr Irfaan Ali has challenged the company to make the project expandable to allow entry into the U.S. market.

Minister of Finance, Dr Ashni Singh, reaffirmed agriculture’s central role in Guyana’s development strategy.

“This project represents an important deployment of science and technology in the agricultural production and supply chain to realise greater efficiency,” Dr Singh said.

U.S. Ambassador to Guyana, Nicole Theriot, hailed the agreement as a transformative moment in regional development. This strategic partnership marks a pivotal step in the country’s ability to build a sustainable agricultural sector.