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COPYRIGHT 2007 Asia Pulse Pty Ltd
An executive briefing on agribusiness for June 21, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIA'S PADDY SEED IMPORTS SHOULD BE LIMITED TO 50% OF NEED: MINISTER
JAKARTA - Agriculture Minister Anton Apriyantono said the government did not restrict the import of hybrid paddy seeds but expected that it would not exceed 50 per cent of national need.
The minister made the statement on the sidelines of the 35th anniversary of Agriculture Day here on Thursday.
CHINA MAKES EFFORTS TO INCREASE CULTIVATED LAND
CHENGDU - China will strive to improve not less than 650 million mu (15 mu equals one hectare) of farmland by 2020 and increase effective cultivated land by not less than 25 million mu to fulfill the target of keeping total cultivated land area of 1.8 billion mu.
At a recent symposium attended by mayors in charge of land and resource work in Chengdu, capital city of southwest China's Sichuan Province, Wang Shiyuan, vice-minister of land and resources, said that the country will work to ensure no reduction of total amounts of basic farmland and quality of farmland.
LAMPUNG'S PLANTATION EXPORTS CAN EXCEED 1.9 MLN TONS: GOVERNOR
BANDAR LAMPUNG - The volume of Lampung's plantation product exports in 2006 reached 1.973 million tons worth US$1.03 million and this year it could exceed the figures, Lampung Governor Sjachroedin ZP said here on Thursday.
He said that Lampung's plantation product exports accounted for 35.15 per cent of the province's overall exports in that year.
PT CHAROEN POKPHAND SECURES US$125 MLN SYNDICATED LOAN
JAKARTA - Publicly-listed animal feed maker PT Charoen Pokphand Indonesia Tbk. (JSX:CPIN) on Thursday secured a syndicated loan of US$125 million from 11 banks.
"Fifty per cent of the loan will be used to refinance higher-yielding debts, and the rest to expand business and strengthen working capital," CPIN director Thomas Effendy said after signing a loan agreement with the 11 banks.
SOUTH KOREA TO EASE RURAL RESTRICTIONS TO HELP FARMERS
SEOUL - The South Korean government said Thursday it plans to ease rural development restrictions to allow farmers to cope with an expected drop in agricultural output after a free trade pact with the United States goes into effect.
In a meeting attended by President Roh Moo-hyun, agricultural experts and farmers in Gimje, North...
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