Logo of Phnom Penh Post newspaper Phnom Penh Post - Baitang in rice export deal with Italian firm

Baitang in rice export deal with Italian firm

Baitang in rice export deal with Italian firm

BAITANG Kampuchea Plc has signed an agreement to sell 562 tonnes of rice worth nearly US$500,000 to Italy-based PHAM Distribution SAL.

“Under this agreement, we hope that the company will gain more experience in supplying rice to foreign partners,” Ny Lyheng, deputy director general of Baitang Kampuchea, told the Post Monday.

According to the agreement, signed by senior representatives on both sides Friday, Baitang Kampuchea will start supplying rice in mid-April at $880 per tonne.

Un Buntha, deputy director general of the Domestic Trade Department, said Monday that domestic companies have been selling rice at scales too small for the international market, though that may be changing.

“I think that these Cambodian companies will be able to export tens of thousands of tonnes of rice from next year because they have been preparing production lines for many years in an attempt to support large-scale export,” he said.

Ny Lyheng said his company can only export a small amount because Cambodian rice isn’t well-known internationally.

“We hope that the company will be able to find buyers who can buy rice in larger amounts soon,” he said.

Companies from Australia and France are considering importing rice from Cambodia, but they have not yet reached any formal agreements, he added.

Baitang Kampuchea signed deals in January with 350 local rice mills from 10 rice-producing provinces to band together and export rice in large quantities.

Cambodia’s rice surplus for export is estimated at 3 million tonnes per year, worth about $13 million, with Europe the biggest buyer in recent years.

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National