Exhibit 1
Exhibit 1: Cost of Rice Importation, Storage & Distribution
| Stage in value chain | Per Unit Cost (USD) | Number of Units Per Year | Total cost | Cumulative costs |
| Import | ||||
| Rice | $566.66 | 60,000 | $33,999,600 | $33,999,600 |
| Import duties (5%) | $28 | 60,000 | $1,699,980 | $35,699,580 |
| Stevedores | $17 | 60,000 | $1,020,000 | $36,719,580 |
| Storage | ||||
| Replacing of damaged bags | $0.80 | 4,800 | ||
| Warehouse maintenance | $2,000 | 2 | $3,840 | $36,723,420 |
| Warehouse hiring | $42,000 | 3 | $4,000 | $36,727,420 |
| Warehouse staff (Lvl 1) | $2,400 | 1 | $126,000 | $36,853,420 |
| Warehouse staff (Lvl 2) | $1,980 | 8 | $2,400 | $36,855,820 |
| Warehouse staff (Lvl 3) | $1,740 | 23 | $15,840 | $36,871,660 |
| Fumigation (every 3 months) | $2 | 240,000 | $40,020 | $36,911,680 |
| Distribution | ||||
| Loading onto trucks | $0.10 | 2,400,000 | $240,000 | $37,631,680 |
| Truck driver + Telly | $160 | 52 | $8,320 | $37,640,000 |
| Petrol | $200 | 52 | $10,400 | $37,650,400 |
| Unloading | $0.10 | 2,400,000 | $240,000 | $37,890,400 |
| Replacement of loss | ||||
| Loss due to damage | 1.50% | (1.5% of $37,890,400) | $568,356 | $38,458,756 |
| TOTAL | $38,458,756 |