“We have more than reasonable grounds to suspect that widespread transfer pricing by rice importers are inflating the price of rice to our consumers, depriving the State of revenues by keeping revenues off-shore and are draining our Forex (Foreign Reserve),” Minister for Trade, Commerce and Industry, Richard Maru, said.
“The Department studied the quoted global prices of rice compared to the rice being imported into PNG and discovered irreconcilable discrepancies.
