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Agribusiness

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

7 Sep 2016 by 3 Comments
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.
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Oil up, gas down and palm oil surging: a monthly review of commodity prices and financial markets

24 Aug 2016 by Leave a Comment
Palm oil was the biggest mover in the month, while gold, coffee and oil prices remain strong. Gas prices, however, continue to be weak and in the currency markets, the kina continues its slide against the yen. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Papua New Guinea’s 2015 agriculture exports less than half 2011 levels

22 Jun 2016 by 3 Comments
Papua New Guinea’s agriculture export income in 2015 was less than half 2011 levels, according to data from Bank Papua New Guinea’s latest Quarterly Economic Bulletin. Income from palm oil exports was at its lowest level since 2009, coffee sales were less than half the level of four years ago and income from rubber exports almost halved in a year.
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Papua New Guinea cocoa production rising but borer disease a constant threat

16 Mar 2016 by 3 Comments
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.
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Five questions for James Lau, Managing Director of R H Group

20 Jan 2016 by 3 Comments
Malaysia's diversified Rimbunan Hijab Group is a major investor in Papua New Guinea. Managing Director James Lau talks to Business Advantage PNG about the company's current construction projects, how its retail, agribusiness and forestry subsidiaries are performing, and the economic outlook for 2016.
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First ‘Bougainville Bar’ chocolate goes on sale in NZ, as quality of Papua New Guinea cocoa recognised

6 Jan 2016 by 2 Comments
A new ‘Bougainville Bar’ has gone on sale in New Zealand this month, marking an increased awareness by international chocolate makers of Papua New Guinea's high quality cocoa. As Business Advantage PNG discovers, the project was made possible through a very modern form of capital raising: crowdfunding.
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