Thursday, September 11, 2008

Item:

3. What percentage of total rice exported to Africa comes from Asia? How much is it worth annually?

Answer:

Our company is a 100% Export Oriented Unit with 80% of our production being Exported to the Rice Markets around the World including Middle East, Europe, USA, Australia aAsia, home to many of the world's top rice suppliers, accounts for 76 percent of the 30 million tons of the staple food exported each year. Prices are shooting up worldwide, in part because many of those countries have cut back on exports due to fears of shortage. The food-price crisis has underscored that, as a region, Asia is divided into "rice haves" – where domestic production is enough to feed the population – and "rice have-nots," which consistently rely on imports. Correspondent David Montero provides a snapshot of rice supplies around the region:nd Africa.

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