Tomscoll said in Parliament this week that currently, PNG is importing about 350,000 tons of rice per year, which equates to something close to K600m to K700m.
Tomscoll said rice import this year will fall by just K16m due to drought and other factors affecting the total global production.
Meantime, Trukai Industries Limited chief executive officer, Greg Worthington-Eyre, said they’re not aware of any shortages of rice in rice producing countries that would impact pricing or supply in PNG.