Bahrain wants to invest in rice farmland in the Philippines, the world's top importer of the grain, in a move to boost food security as global food supplies become increasingly expensive, traders said on Wednesday.
Bahrain Minister of Industry and Commerce Dr. Hassan bin
Abdullah Fakhro pointed out today that an agreement was reached with officials in the Philippines to allocate large plots of land to grow Basmati rice in a bid to secure the Kingdom's needs for such a product at reasonable prices
“It is the government’s policy to encourage all companies to go abroad, including agricultural firms,” a Chinese Agriculture Ministry official told Reuters.
