Papua New Guinea (PNG) is poised to record its best-ever annual cash-crop export revenue in 2024, largely on the back of surging global cocoa prices, notes ANZ economist Kishti Sen.
UK businesses to get more exposure to Papua New Guinea produce
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24 Apr 2023 by Leave a Comment
Last year, the United Kingdom government used major sporting events like the Commonwealth Games and the Rugby League World Cup to showcase Papua New Guinea coffee. Keith Scott, the UK’s High Commissioner to PNG, tells Business Advantage PNG of further plans to encourage more business with post-Brexit Britain.
New agriculture tariffs put Papua New Guinean jobs at risk, says NBPOL CEO
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20 Jul 2020 by 2 Comments
The timing of new tariffs affecting Papua New Guinea’s agriculture sector could not come at a worse time, according to the CEO of the country’s largest employer, New Britain Palm Oil.
Oil rebounds, LNG stabilises and palm oil up: our monthly review of Papua New Guinea’s commodities and financial markets
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27 May 2020 by Leave a Comment
The oil price has been extremely weak but the fall in LNG prices has stabilised and palm oil is up: a monthly review of Papua New Guinea’s commodities and financial markets. Business Advantage PNG’s monthly overview of commodity and financial markets.
LNG price tumbles further, while gold and cocoa rise
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25 Feb 2020 by 1 Comment
Oil and gas prices both fell this month, with LNG dropping particularly sharply, while gold and cocoa are holding their own in a tough market for commodities.
The secrets behind Niugini Organics’ diversification into the domestic market
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7 Oct 2019 by 1 Comment
After ten years of exporting, Niugini Organics is now selling its certified organic coconut products domestically. It has required a very different approach, co-director Dennis Hill tells Business Advantage PNG.
How New Britain Palm Oil turns sustainability into profitability
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23 Oct 2018 by Leave a Comment
New Britain Palm Oil has turned its philosophy of sustainable production into profits, according to Ian Orrell, Group Head of Sustainability. Speaking at the Business Advantage PNG Investment Conference in Brisbane, he warned of the need to improve the palm oil industry’s global reputation.
In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories
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25 Mar 2015 by Leave a Comment
PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.
Don’t panic: agricultural markets will weather the global storm
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26 Jun 2013 by
Commodities prices have been sold off heavily over the past week on worries that the global economy will slow. What does this mean for Papua New Guinea’s agricultural producers?
Kulim’s half-billion kina bid for New Britain Palm Oil ‘positive’
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25 Jun 2013 by
Market reaction to the proposed move to make New Britain Palm Oil Limited (NBPOL) a subsidiary of Malaysian company Kulim (Malaysia) Berhad has been generally positive, although one observer questions why PNG-based investors aren’t taking advantage of the fall in NBPOL’s share price.
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