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BUSINESS, NATIONAL, DILI

Fun Ao Seu starts investing in rice production in two municipalities

Fun Ao Seu starts investing in rice production in two municipalities

Atabae rice field (image/António Gonçalves)

DILI, 10 january 2022 (TATOLI) – Timorese-owned company Fung Ao Seu began to invest in the agricultural sector, focusing on rice production in Baharwai village of Viqueque municipality and Natarbora in Manatuto.

Jaime Hanjam, the Deputy Director of Fung Ao Seu, said that the company has already acquired ten agricultural implements in China worth around US$500.000.

“We have a warehouse on-site to keep the heavy equipment. The agreement we signed with the Government provides us the opportunity to begin the activities within 90 days,” Hanjam told reporters in Dili.

Investment and Export Promotion Agency, I.P – TradeInvest Timor-Leste (TITL) granted the declaration of benefits in november 2021 to the company to invest in the productive sector.

“The aim of establishing the company is to improve the country’s economy. The fertile land on the southern coast of the country is abandoned. To respond to the economic situation, Fung Ao Seu wants to invest in agriculture”, he stressed.

He said one of the reasons why the company is interested to invest in the agricultural sector is the fact that the company wanted to contribute to Timor-Leste’s School Feeding Program.

The company would use 800 hectares of land in Viqueque and 800 in Manatuto for rice cultivation.

Before the cultivation of the land, a feasibility study was carried out by five Chinese experts to ensure the land is suitable for rice cultivation.

The company will also train farmers to have knowledge that is necessary for rice production. “Up to 10 farmers will work in each hectare. That’s why we started the preparation for the rice cultivation this year,” he underlined.

In addition, the company also plans to grow corn, beans, and potatoes, as the fertile land of the south coast is suitable for the cultivation of these crops.

Hanjam also highlighted that one of the fertile places for rice production is Welaluhu, in Manufahi Municipality.

He said according to the study carried out by agriculture consultants, each hectare would produce 15 tons of rice.

 

Journalist: Jesuína Xavier

Editor: Maria Auxiliadora

Translation: Filomeno Martins 

Editor: Nelia Borges Rosario

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