Rice import quota will affect the bigger players, says foods company

The National Government proposal to introduce a rice import quota system in the country will affect the big players in the rice industry says Goodman Fielders marketing manager Jeremy Fry.

Fry, however, said Goodman Fielders who is new player in the industry will not be affected.

“Off course we are concern but been a small player in the rice game (industry) at the moment so we have little to lose.        

“Bigger rice distributors will be affected if the quota system goes through.”

Goodman Fielders will start selling its new rice product in Port Moresby starting on Monday.

The new product is called, ‘Skel Rice’ and will come in 200 and 500 grams packets, and 1 and 10 kilograms.   

“Staging two of our rice development is milling on shore and Long term is working with the agriculture sector to start growing rice in the country,” Fry said.   

“Before we start going into farming rice, we want to make sure we have a right product and know a little bit before rice before we get into speeding K100 million on rice farming.”

The medium grain rice was imported from Vietnam.

The government plans to give 80 per cent rice import quota to an investor who had proposed to spend millions in cultivating rice in Central Province.

Charles Yapumi