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Old 28-09-2002, 02:38 PM
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According to Mr. Siva, all Asianh countries are producing rice. With the low cash crop prices, it means less income for growers and with the kina value declining, Papua New Guinea is paying more and more for imported rice.

Mr. Siva said under the food security program, DAL is promoting small scale rice production by providing seeds to farmers.

With its vast land area, temperate climate and good soil, Papua New Guinea has a huge investment potential for food and livestock production.

Mr Siva said there are currently juoint ventuire programs being undertaken for the production of food and livestock products for the local market.

He added that a database should be set up within the Investment Promotion Authority that must contain information regarding landownership, infrastructure, climate, soil fertility, adding that there must also be linkages with the provinces.

He also suggested that the landowners interested in developing their land for food production should register with IPA so that potential investors can easily contact them.
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