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Omani investors look to trade gas for rice

Omani investors want to pay for Hungarian rice with gas, János Farkas, chairman of farm company Csárdászállási Agrár, told MTI.

The Omani investors could grow rice on as many as 15,000 hectares in Hungary, about five times the area rice is sown on now, Farkas said. There were as many as 30,000 hectares of rice fields in Hungary in the second half of the 20th century, he added.

A hectare of rice has to produce about four tons of crop if it is to be profitable. If the weather is good, rice fields can produce as much as five tons of rice.

Hungarians consume about 40,000 tons of rice a year, including 12,000 tons of domestically grown rice. (MTI – Econews)