Reply to "Rice exports bags US$10M more in bumper first crop"

ronan posted:
Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

if they are making a profit @ $3000/bag then they have brought costs down and/or are increasing yields . . . meaning that the industry is competitive

that's far better than sitting on your inefficient ass, saddled with an unsustainable production set up and wishing for $4500/bag

that's Jagdeo sugar economics . . . look where it got we

Whether they make a profit is still unknown, I supposed you can make the argument they would not invest if they didn't make a profit. Time will tell whether they will continue to plant at these prices. 

×
×
×
×
×