Rice policy may end our rice production in Papua New Guinea, says Trukai CEO

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The effect of the government’s proposed rice policy will basically ‘shut us down’, says Greg Worthington-Eyre, CEO of the country’s main rice importer and producer, Trukai Industries. His warning follows a prediction of price rises by the Independent Consumer and Competition Commission, and a warning by the Australian government the policy could breach WTO rules.

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

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PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

Trukai investing tens of millions to produce Papua New Guinea grown rice

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Last month, Agriculture Minister, Tommy Tomscoll, told rice companies to start investing and producing rice in country. But, as the CEO of the country’s dominant producer tells Business Advantage PNG, Trukai has already committed to invest tens of millions of kina in plantations.

In brief: Court refuses to hear Ok Tedi claim, and other business stories

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International court refuses to hear claim about government takeover of Ok Tedi mine, five percent aid cut to PNG and trial export of fresh vegetables to Fiji. Your weekly digest of the latest business news.   The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government […]

An appetite for growth

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Papua New Guinea food producer Trukai Industries (‘trukai’ means ‘good food’ in tok pisin) achieved a notable breakthrough at the end of 2007 when it began exporting long-grain rice to drought-stricken Australia, in spite of the fact that PNG grows little rice of its own. The raw material is imported from Thailand then processed in […]