Investment opportunities abound in the rice sector given the high prices for the product on the world market and the potential benefits outweighing the risks, says one rice miller and exporter.
Speaking to this newspaper, Dr Peter de Groot, CEO-Production of Fairfield Rice Inc, said the profit margins being offered by rice were unmatched in any other sector.
He said that farmers could make as much as almost double the money that they invested, and a bag of paddy could easily reach a high of $4,000 per bag before the end of the crop in a few weeks time.