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Marubeni of Japan plans joint rice
- Subject: Marubeni of Japan plans joint rice
- From: FreeBurma@xxxxxxx
- Date: Tue, 24 Dec 1996 23:28:00
Subject: Marubeni of Japan plans joint rice venture with SLORC
TOKYO, Dec 25 (Reuter) - Japanese trade house Marubeni Corp <8002.T> said
on Wednesday it and the Burmese government are planning to launch a joint
venture in Burma by next spring to produce rice for feed.
The joint venture is likely to start production on a trial basis in 1997
and will export the rice to neighbouring Asian countries, the Marubeni
"The final decision has not been made yet. But we're considering
investing nearly $1.5 million for this joint venture," he said.
He did not give a specific production target.
Burma's lower grain production costs and suitable climate for rice
production were the reasons the Japanese trade house considered that country,
-- Tokyo Commodity Desk (81-3-3432-7391)