Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia could export rice to East Timor ‘as soon as May’

Cambodia could export rice to East Timor ‘as soon as May’

Content image - Phnom Penh Post
Cambodia exported 230,948 tonnes of rice worth $161 million in the first three months of this year, up 35.20 per cent from the same period last year. HENG CHIVOAN

Cambodia could export rice to East Timor ‘as soon as May’

Cambodia plans to export rice to East Timor next month to meet the country’s growing demand amid the Covid-19 outbreak, making it the newest market for the Kingdom’s rice, Cambodia Rice Federation (CRF) chairman and former vice-president Hun Lak told The Post on Sunday.

East Timor on Friday expressed its interest in importing the crop at a meeting between state-owned Green Trade Company, the Ministry of Commerce and the CRF with newly-appointed Ambassador of East Timor to Cambodia Ermenegildo ‘Kupa’ Lopes, he said.

“We could export rice to East Timor as soon as May. I believe that we can initially export some $10 million worth of rice to the country,” said Lak.

He said the East Timor side will soon send an official letter to the Kingdom’s Ministry of Foreign Affairs and International Cooperation outlining the timing, quantity, types of rice, shipping and other conditions of the trade.

He added that Vietnam’s tightening restrictions on rice exports to curb food shortages during the pandemic had led East Timor to strike a deal with the Kingdom instead.

The move comes as the government and the CRF strive to find new markets for the Kingdom’s rice to deliver a quarter-on-quarter rise in exports in the second quarter.

“We hope that this year’s rice exports will be higher than last year, while the rice is better than the previous year and the price of rice from farmers is also reasonably high,” said Lak.

Cambodia exported 230,948 tonnes of rice worth $161 million in the first three months of this year, up 35.20 per cent from the same period last year, said a Ministry of Agriculture, Forestry and Fisheries report.

Figures show that during the period, the Kingdom exported 101,345 tonnes of rice to China, up 34.88 per cent year-on-year; 70,040 tonnes to Europe, up 30.33 per cent year-on-year; 28,799 tonnes to Asean, up 12.47 per cent year-on-year; and 30,764 tonnes to other markets, up 13.32 per cent year-on-year.

Meanwhile, East Timor imported 6,800 tonnes of rice in the first two months of this year, around 5,000 tonnes less than the year-ago period, data from the Port Authority of Timor-Leste (Aportil) shows.

Cambodia exported 620,106 tonnes of milled rice last year, down 0.97 per cent from 2018, ministry data shows.

MOST VIEWED

  • Without shoes or a helmet, a young cyclist steals the show

    Pech Theara gripped the curved handlebars of his rusty old bike, planted his bare feet on its pedals and stormed as fast as he could towards the finish line. The odds were against him as the 13-year-old faced off against kids with nicer bikes at

  • Phnom Penh-Sihanoukville expressway on schedule

    The construction of the more than $1.9 billion Phnom Penh-Sihanoukville Expressway has not been delayed despite the Covid-19 pandemic, with more than 26 per cent of the project completed and expected to finish in about two years, according to Ministry of Public Works and Transport secretary of

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there

  • Cambodia lauded for fight against Covid-19

    Cambodia has drawn global accolades for its handling of the Covid-19 pandemic, with a new report finding that the Kingdom has controlled the pandemic better than any other country in Asia. Dr Takeshi Kasai, director of the World Health Organisation’s (WHO) Western Pacific region,