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The Company's activities expose it to various financial risks, including market risk (foreign exchange risk and interest rate risk), credit risk, and liquidity risk. Its overall risk management

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Here's a description of The Rice Company of Fiji Limited's risk management policies based on the provided document:
The Company's activities expose it to various financial risks, including market risk (foreign exchange risk and interest rate risk), credit risk, and liquidity risk. Its overall risk management program aims to minimize potential adverse effects on financial performance by focusing on the unpredictability of financial markets. Risk management is executed by the executive management under policies approved by the Board of Directors.
- Market Risk: This is the exposure to adverse changes in the value of the Company's trading portfolios due to fluctuations in market prices or volatility.
- Foreign Exchange Risk: This risk arises from changes in foreign exchange rates affecting earnings and value. The Company manages these exposures closely within approved policy parameters and does not expect a 10% change in exchange rates to significantly impact net profit or equity.
- Interest Rate Risk: The Company manages interest rate risks closely within approved policy parameters. For external borrowings, it negotiates appropriate interest rates with banks and other financial institutions, with board approval, to secure favorable terms. The Company is not exposed to significant interest rate risk.
- Credit Risk: The document mentions credit risk as one of the financial risks but does not provide details on how it is managed in the visible sections.
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Here's a description of The Rice Company of Fiji Limited's risk management policies based on the provided document: The Company's activities expose it to various financial risks, including market risk (foreign exchange risk and interest rate risk), cr…