# Papua New Guinea paying more for rice than we should — EMTV ONLINE

> Papua New Guinea's Trade Minister Richard Maru says consumers pay about 20% more than global benchmarks for Trukai rice, which he attributes to transfer pricing by the exporter SunRice. He wants price controls reinstated, while the Independent Consumer & Competition Commission says it has not yet verified the claim.

- Date: 2017-04-05 · published 2017-04-05T12:00:00.000Z
- Category: policy · region Papua New Guinea · magnitude low
- Page: https://feedsoft.ai/events/71585-papua-new-guinea-paying-more-for-rice-than-we-should-emtv-online
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The dispute concerns import pricing and possible regulation of a local rice brand, so it has little effect on global supply and demand and mainly affects domestic consumer prices.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-09-14 | [DTI mulls setting SRP for imported rice \| GMA News Online](https://feedsoft.ai/events/57145-dti-mulls-setting-srp-for-imported-rice-gma-news-online.md) | +2.9% | +0.8% |
| RICE | 2018-10-10 | [NFA sets just 4 labels for rice \| GMA News Online](https://feedsoft.ai/events/62619-nfa-sets-just-4-labels-for-rice-gma-news-online.md) | -0.6% | -2.7% |
| RICE | 2024-12-17 | [Only 80,000 sacks of aging rice stocked in NFA warehouse, says exec \| GMA News Online](https://feedsoft.ai/events/11561-only-80-000-sacks-of-aging-rice-stocked-in-nfa-warehouse-says-exec-gma-news.md) | -6.3% | -0.8% |
| RICE | 2025-06-28 | [Indian govt to hike prices of broken rice for manufacturing ethanol from Oct 1 - The HinduBusinessLine](https://feedsoft.ai/events/24288-indian-govt-to-hike-prices-of-broken-rice-for-manufacturing-ethanol-from-oct-1.md) | -5.3% | -4.8% |
| RICE | 2025-04-04 | [India to implement new tariff line for rice exports from May 1 - The HinduBusinessLine](https://feedsoft.ai/events/25062-india-to-implement-new-tariff-line-for-rice-exports-from-may-1-the.md) | +1.3% | -3.5% |

## Sources

- emtv.com.pg: https://emtv.com.pg/papua-new-guinea-paying-more-for-rice-than-we-should/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.