Bumper cocoa crop to define 2023, says key exporter 

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There are expectations of a bumper cocoa crop in 2023, according to the new CEO of Papua New Guinea’s largest cocoa exporter, NGIP Agmark. However, Steven Nightingale tells Business Advantage PNG that profitability will depend on tighter control of rising costs. 

What are Papua New Guinea’s best-performing listed companies?

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With the reporting season for the 2021 financial year in Papua New Guinea over, which of Papua New Guinea’s listed companies performed the best last year? Analysis from stockbroker JMP Securities tells us, and also gives us a unique view on how the market has performed over the past year.

In brief: Ihu Special Economic Zone gets K80 million boost from China and other business stories

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The Ihu Special Economic Zone project gets funding from China, Prime Minister Marape visits ExxonMobil headquarters and Kina’s acquisition of Westpac Pacific is officially over. The business news you need today.

Working cooperatively the key to improve Papua New Guinea’s cocoa exports

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Getting produce to market is one of the biggest constraints on Papua New Guinea’s cocoa industry, according to the Chief Operating Officer of leading cocoa exporter, NGIP Agmark. Steven Nightingale says his company is developing a model that is helping to improve the situation.

People moves: NGIP Agmark, Papua New Guinea Rugby Football League

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NGIP Agmark announces new Chief Operating Officer and the Papua New Guinea Rugby Football League gets a new Head Coach.

Agriculture in Papua New Guinea: a sector profile

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A profile of the agriculture sector in Papua New Guinea, including governance and legislation, key players, opportunities, challenges and incentives. 

How Hargy Oil Palms boosted its palm oil production in Papua New Guinea

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It may not have involved rocket science, but Hargy Oil Palms Ltd has experienced significant success in boosting palm oil yields in West New Britain. But Chief Executive Graham King believes the success of agriculture in PNG will ultimately depend on secure land tenure and foreign investment.

Agmark MD outlines recipe to repair Papua New Guinea’s cocoa industry

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Papua New Guinea’s cocoa industry could be back to its 1970s levels if it had a strong cocoa grower-based Cocoa Board, more farmer training and increased investment. That is what John Nightingale, Managing Director of Agmark, told the country’s first-ever agricultural summit, held in Port Moresby last month.

In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories

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Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.

Papua New Guinea cocoa production rising but borer disease a constant threat

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Papua New Guinea’s cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.