That's according to John Bogart, managing director of US measurement instrumentation specialist Kett.
Estimating wastage at 1%, annual rice production of 678m tonnes (2009 figures, 'World, Wheat, Corn & Rice' report, Oklahoma State University, FAOSTAT), Bogart said scrapping rice because of quality issues would cost $3.39bn annually.
And this was based purely on statistics for plain, non-value added, rice he told this site.
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