Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice sector predicts a worrying trend

Rice sector predicts a worrying trend

A worker in a rice factory in Phnom Penh.
A worker in a rice factory in Phnom Penh. Vireak Mai

Rice sector predicts a worrying trend

Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline.

The most recent data on rice exports released by the Ministry of Agriculture stated that 39,550 tonnes of rice was exported in April of this year, more than 30 per cent less than the same time last year. In comparison, March exports only decreased by 14.5 per cent year-on-year.

Despite the total number of exports for the first quarter of this year showing an increase of 0.3 per cent, Kann Kunthy, CEO of Battambang rice miller Brico, said that April signified the beginning of a trend.

“The decrease in rice exports is the result of no [preventative] action being taken from the Cambodian Rice Federation or the government” he said, adding that millers had already sent a slew of recommendations that could alleviate the sector.

Kunthy added that without solutions to address the high electricity and transportation costs, Cambodian rice exports will continue to decrease.

“We have already done our duty so the only thing we can do is hope for a solution from the government,” he said. “At this point we cannot decrease our rice price any lower to make it competitive with declining regional prices.”

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