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Consultant Aither found the average monthly water allocation price was A$550/ML, with entitlement values also ‘well above’ previous records.
Sunrice chairman Laurie Arthur warns of casualties among irrigation enterprises and industries if horticultural development keeps going at the current rate.
Singapore companies GSPI and SAT will now take Myanmar Hybrid Rice Seed Project to the next level, with further private sector investment targeted.
Prices for both water entitlements and allocations are at record levels. Investors rejoice, but cotton, rice and dairy producers are feeling the squeeze.
The government is inviting international and domestic investors to make offers for 60,000 hectares of prime sugar- and rice-producing land in the southern agricultural region.
Rice in hand - iStock
India's rice exports could fall by as much as 50% within five years, while the branded rice market could reach $3.5bn and spur private equity investment in the sector, says a Rabobank report.
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