State-run Land Bank of the Philippines is financing the first ‘top-of-the-line’ rice mill in Iloilo province which will benefit over 10,000 farmers in Panay Island.
Meghna Group of Industries (MGI) and TK Group, two major commodity processors in Bangladesh, are set to enter into the milling and marketing of rice, a move that may intensify competition but drive small operators out of the market.