Logo of Phnom Penh Post newspaper Phnom Penh Post - CRF calls on paddy farmers to delay sales

CRF calls on paddy farmers to delay sales

Content image - Phnom Penh Post
CRF secretary-general Lun Yeng said on Wednesday that more than 80 per cent of rice millers had postponed purchases of paddy earlier this week, which has allowed brokers to buy it at prices lower than the market rate. Hong Menea

CRF calls on paddy farmers to delay sales

The Cambodia Rice Federation (CRF) has called on farmers to delay their paddy sales until after the Pchum Ben festival to avoid a drop in prices.

CRF secretary-general Lun Yeng said on Wednesday that more than 80 per cent of rice millers had postponed purchases of paddy since earlier this week, which has allowed brokers to buy it at prices lower than the market rate.

“If their paddy is not [at risk of being] affected by floods or destroyed by insects, farmers should not rush to harvest. Good paddy should not be priced below 1,150-1,200 riel [$0.28-$0.29] per kilogramme,” he said.

Narum, a rice farmer in Kratie province, said prices in the province were not as high as they were last year. This time last year, he could sell paddy for between 900 and 1,000 riel per kilogramme, but must now settle for between 700 and 800 riel.

“If the price of paddy goes down like this, farmers will lose out,” he said.

Most paddy harvested in the province is immediately sold to traders, he said, adding that the unavailability of warehouses and drying facilities left farmers no choice but to sell their paddy after harvesting.

Heng Pheng, the CEO of Battambang province-based Thmor Korl Rice Import Export Co Ltd, said the paddy prices in the province this year is similar to that of last year – currently at about 1,150 riel per kg.

“Workers have gone home for the Pchum Ben holiday, so farmers should not try to collect the rice now because it will bring down prices,” he said.

Battambang provincial Department of Commerce director Kim Hout on Wednesday said paddy yields in the province have dropped 60-70 per cent due to a long drought compared to last year.

He said fragrant paddy is currently priced at 1,130 riel per kg and IR paddy at around 700 riel.

“Rice prices in Battambang province are fairly good, there isn’t much of a change,” he said.

MOST VIEWED

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Police arrest Canadian with 167kg of drugs

    The Phnom Penh Municipal Court on November 15 placed a Canadian national in pre-trial detention in connection with smuggling and possessing 167kg of illegal drugs. Deputy National Police chief in charge of anti-drug enforcement Mak Chito told The Post on November 15 that the man was arrested

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”