Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia misses out on rice bid

Cambodia misses out on rice bid

Cambodia misses out on rice bid

Cambodia has missed out on the Philippine government’s latest rice import tender for not being able to meet the delivery date.

The Philippines’ National Food Authority (NFA) declared the results of its 500,000-tonne offer on Monday.

Under the government-to-government agreement, the NFA has granted Thailand a 300,000-tonne import deal and Vietnam the remaining 200,000 tonnes, both at a rate of $475 per tonne.

David Van, executive director of rice-exporting firm Boost Riche Cambodia, was not surprised at the result and said further expertise in large-scale international commodity trades was needed before the Kingdom could cater to such an order.

“Vessel chartering is a tricky business as any wrong calculation in loading or discharging rates for any given type of vessel . . . could ruin all your margins and even bankrupt a company if the vessel is stuck at the discharge port longer than anticipated,” he said.

MOST VIEWED

  • PM Hun Sen says dangers averted

    Delivering a campaign speech from his home via Facebook Live on Thursday, caretaker Prime Minister Hun Sen said his Cambodian People’s Party (CPP) had carried the country through danger in its latest mandate. He was specifically referring to the threat of a “colour revolution”

  • Bumpy road for local ride apps

    Ride-hailing services seem to have grown into a dominant player in the capital’s transportation sector. Relatively unknown and little used in the Kingdom at the beginning of this year, services like PassApp, Grab and ExNet are now commonplace on Phnom Penh streets. However, the

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in