December 22, 2017

PNG invites New Zealand to invest in Agriculture Sector

Papua New Guinea Commerce and Industry Minister Wera Mori has invited New Zealand to invest in Papua New Guinea’s agriculture sector.
Mori went to New Zealand to seek investments in the renewable sector, seek support and networking between co-operatives in PNG and New Zealand in agro industries.
He held talks with Cooperatives Business New Zealand, Fonterra Dairies and the New Zealand Business Council.
PNG provides the largest market for Fonterra’s dairy products.
Mori said Fonterra was looking at increasing its global market share, and was an opportunity for PNG to create the incentives which would attract such a large global player in agribusiness and co-operatives in PNG.
Fonterra produces dairy products in New Zealand with 10,500 co-operative farmers.
It is willing to extend its social responsibility to PNG through its one-milk one-child per day programme next year.
“Fonterra Dairy produces 22 billion litres of milk annually to supply two billion of its customers around the world,” Mori said.
“Such opportunities should be considered in the Sepik plain, Markham Valley, Central and parts of the Highlands.”
Co-operative Business New Zealand chief executive officer Craig Presland invited Mori and other government institutions to participate at the week-long summit on Feb 27 next year in Auckland. The National / ONE PNG
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