Logo of Phnom Penh Post newspaper Phnom Penh Post - China signs 100,000-tonne rice import agreement

China signs 100,000-tonne rice import agreement

China signs 100,000-tonne rice import agreement

The Chinese government-run China National Cereals, Oils and Foodstuffs Corporation (COFCO) will today formally agree to import 100,000 tonnes of rice from Cambodia, local officials say.

Representatives from COFCO and Green Trade Co, a Cambodian government-owned agriculture firm, today met in Beijing to sign the agreement, which takes effect this month and is valid for one year.

“Cambodia and China have long been trade partners and the fact that Cambodia is a reliable supplier has built trust for this deal,” Ken Ratha, spokesperson of the Ministry of Commerce said.

But trust between the two nations might not be the only reason for today’s deal, according to David Van, president of local rice producing firm, Boost Riche Cambodia.

“The South China Sea dispute lately may have also played indirectly a part in China wanting to diversify its rice import base as imports from Vietnam hit a substantial figure. China imported over 66 per cent of its total rice imports from Vietnam in 2013, while only 1 per cent came from Cambodia,” Van said.

Government data show that China imported 7,700 tonnes of Cambodian milled rice in the first six months of year.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • 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

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not

  • Malaysian MP calls on his government to take stand on Cambodian elections

    A Malaysian parliamentarian raised concerns in his country on Wednesday about Cambodia’s July 29 national elections and urged his government to clarify its position on the subject, the Asean Parliamentarians for Human Rights (APHR) said on Thursday. Wong Chen, a member of the People’s