26.9 C
Port Moresby
June 2, 2020
Business Food News

New Rice Policy May Affect Trukai Industries

Rice company, Trukai Industries, say they may they be forced to lay off Trukai workers if a new rice policy proposed by the government is implemented.

Company CEO, Greg Worthington-Eyre, says the allocation of the 😯 percent quota to a company through this new policy will destroy Trukai.

Trukai employs over a thousand Papua New Guineans.

About 700 of them are based in Lae while the rest are at the other distribution centres around the country. Trukai says these jobs will be at risk.

The impact will also affect the company’s two major shareholders.

Trukai CEO believes there will be a price increase as a result of this policy. The possible price increase expected to hit the consumers hard.

Over the last three years Trukai has established a partnership with the local rice farmers, it may overtime reduce the price of rice.

The company has done extensive trials and have a number of projects around the country that are growing several varieties of rice, which they have researched for a number of years.

They have also developed what they call “short growing crops” which are confined to a growing season.

The work is being carried out in various locations.

Related posts

Rape Cases Increasing in Lae

Julie Badui-Owa

Community Development Department Plans To Reach Out To Districts

Rayon Lakingu

Prime Minister Lauds Country’s First Cybercrime Law

Neville Choi
error: Content is protected !!