Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodian rice set for export to South Africa

Cambodian rice set for export to South Africa

Content image - Phnom Penh Post
Mekong Oryza Trading Co Ltd plans to export 100,000 tonnes of milled rice to China, Africa and Europe in the next three years. Heng Chivoan

Cambodian rice set for export to South Africa

Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday.

The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based Green Shield Africa Group. It was witnessed by Minister of Agriculture, Forestry and Fisheries Veng Sakhon.

Sakhon said: “The MoU will help boost Cambodia’s milled rice exports to Chinese and European markets, and now South Africa, which is a new market.”

Mekong Oryza Trading president Hun Lak told The Post on Tuesday that the MoU will last for three years, during which the company plans to export some 100,000 tonnes of milled rice to China, Africa and Europe.

He said the firm’s initial shipment of between 3,000 and 5,000 tonnes is planned for the end of this month. The second shipment will be for 70,000 tonnes and the balance will be on the third shipment.

“We will find more new markets besides China and diversify our exports to build our competitiveness,” Lak said.

Cambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation report said.

Rice exports to China increased more than 44 per cent, the report said, while exports to the EU dropped nearly 30 per cent. Total rice exports during the period reached 398,586 tonnes, a 2.3 per cent year-on-year increase from 389,264 tonnes.

MOST VIEWED

  • China and India closer to ‘biggest’ showdown

    Indian and Chinese troops remained engaged in an eyeball-to-eyeball situation in several disputed areas along the Line of Actual Control (LAC) in Eastern Ladakh on Thursday, signalling that the confrontation could become the biggest military face-off after the Doklam episode in 2017. Ladakh is a union

  • Central bank to shun small US banknotes

    The National Bank of Cambodia (NBC) is considering not accepting smaller denominated US dollar banknotes – $1, $2 and $5 – from banks and microfinance institutions (MFIs) which it said are flooding its stockpile as the demand for those notes is low. While some banking insiders welcomed the move as

  • PM lauded in Covid-19 fight

    World Health Organisation (WHO) director-general Tedros Adhanom Ghebreyesus sent a letter to Prime Minister Hun Sen thanking him for following the WHO’s guidance and commending Cambodia’s efforts in the fight against Covid-19. In his letter made public by the Ministry of Foreign Affairs

  • Workers return, hope for salaries

    More than 600 factory workers in the capital’s Chaom Chao commune in Por Sen Chey district returned to work after the factory’s owner promised to pay their salaries in instalments until the middle of next month. On Tuesday and Wednesday, more than 600 workers gathered

  • Women detained for forcing kids to beg

    Two women were sent to Phnom Penh Municipal Court on Thursday for forcing six children to beg for money for several months at the Chhouk Meas market in Krang Thnong commune in the capital’s Sen Sok district. Phnom Penh Department of Anti-human Trafficking and

  • Vietnamese tents baffle border guards

    Kandal and Takeo provincial authorities bordering Vietnam have expressed concern after witnessing irregularities by the Vietnamese authorities, including the deployment of soldiers to erect 114 camps just 30m from the border. Takeo provincial governor Ouch Phea told The Post on Thursday that Vietnamese soldiers had erected 83