Plans to export 100,000 tonnes of milled rice to the Indonesian state-owned firm Bulog have been announced in what industry leaders said would be a lucrative market for the Kingdom’s rice sector.

The Indonesian commerce minister and his Cambodian counterpart would sign a memorandum of understanding paving the way for state-owned-rice exporter Green Trade to export by August, Green Trade director Thon Virak said.

Thon Virak also said he had received an MoU from the Philippine government yesterday, but declined to give further details.

“They have sent us a draft of the MoU and we have agreed in principle. We are waiting to set the exact date to sign the MoU,” he said.

To contact the reporter on this story: May Kunmakara at [email protected]