Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice figures disappoint industry figurehead

Rice figures disappoint industry figurehead

Rice figures disappoint industry figurehead

The latest rice export figures have disappointed industry representatives with a lower-than-expected increase over the first nine months.

A report from the Cambodian Ministry of Agriculture published Saturday shows that from January to September, the Kingdom exported about 270,000 tonnes of rice, up 1.2 per cent from the same nine-month period last year.

Sok Puthyvuth, president of the Cambodian Rice Federation, said the figure represents only a slight improvement on last year but that Thailand’s stockpile selloff in late 2013 had impacted the market.

“We expected a much better number earlier this year, but then we faced the overloaded global rice market, so I expect to see pretty much the same growth as last year,” he said.

During the nine-month period, September showed the largest year-on-year jump, with exports rising 20 per cent.

Kim Savuth, president of Khmer Food Company, one the country’s biggest rice exporters, said demand from China and Malaysia had driven up sales during September.

“Orders from the EU countries remain pretty stable while these two countries increased their order,” Savuth said.

Citing a recent import agreement between the Cambodian government and the state-owned China National Cerials, Oils and Foodstuffs Corporation last month, Savuth said the Kingdom’s rice industry now relies heavily on Chinese purchase orders.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all