Amru Rice, one of Cambodia’s largest rice exporters, signed a contract farming purchase agreement with 4,000 organic rice farmers in Preah Vihear province, reserving about $7 million to purchase nearly 20,000 tonnes of organic paddy during the upcoming harvest season, according to a press release yesterday.

Despite the agreement declining to provide a price for how much the rice would be purchased at, CEO Song Saran said the company guaranteed that it would be above market value. This is the fourth year in a row that Amru had secured contract farming agreements in Preah Vihear province and the largest to date.