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Japan backs Papua New Guinea's rice growing plan
Kyodo) _ Japan expressed support for Papua New Guinea's plan to grow enough rice to sustain itself and voiced hope for progress in natural gas projects which are under way there during a summit Monday, a Japanese official said. Japanese Prime Minister Junichiro Koizumi was quoted as telling Papua New Guinea Prime Minister Michael Somare that it is "important" to make the country self-sufficient in rice production, without elaborating.

Somare was quoted as saying Papua New Guinea is currently importing rice from Australia and is willing to start to grow it so that the country becomes self-sufficient in the crop, voicing hope that organizations such as the Japan International Cooperation Agency would help realize the plan.

Somare also said his country hoped to export natural gas to Japan if ongoing exploration projects in which major Japanese trading house Itochu Corp. is involved prove successful.

Koizumi was quoted as saying Japan hopes the projects will progress successfully
MGR Archive 15.2.2005
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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