GM's Review


The year 2007 can be described as one with mixed fortunes. During that year we have seen one of the highest exports since 1997. The year started with one of the largest crop, but due to the extended rainy season
we have seen one of the smallest second crop in the last decade.

These high exports were mainly due to the increased demand for rice globally and with large carryover stocks from the second crop in 2006 we were able to supply this demand. This trend is expected to continue in the
coming years and with a highly proactive farming community we will be able to full fill this increase demand.

This increase in the demand for rice and concomitant increase in the prices will bring some measure of relief
for the rice stakeholders who have been experiencing some difficulties for the last eight years. While this increase in the prices for the padi and rice will bring some economic relief to the farmers and millers, we need to be aware that the consumer price for rice will increase also.

To Download The Entire GRDB 2007 Annual Report CLICK HERE. [File size 28.4 MB. PDF]