Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
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.
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.
An appetite for growth
Welcome,
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 […]
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