Logo of Phnom Penh Post newspaper Phnom Penh Post - Europe looks to cash in on Cambodian rice

Europe looks to cash in on Cambodian rice

Europe looks to cash in on Cambodian rice

THE Cambodian Small and Medium Industries Association will begin exporting 2,656 tonnes of rice worth nearly US$1 million to four European nations later this month.

Fetching $355 per tonne from buyers in Poland, Lithuania, Estonia and Sweden, the rice shipments would last from July until mid-August, and would be worth a total of $942,880 on the European market, association secretary general Outh Renne said yesterday.

“We hope companies will be able to export more rice to European markets in the coming years,” he said.

Some 1,440 tonnes of the 25 percent broken rice will be shipped to Poland, 1,000 tonnes to Lithuanian buyers, 168 tonnes to Estonia, and the remaining 48 tonnes will travel to Sweden, according to a report.

Last month, $583,000 worth of rice was shipped from Cambodia to Lithuania, Poland, Russia and Estonia.

The association also exported some 5,000 tonnes to European markets from January to July this year, and aims to ship a total of 7,000 to 10,000 tonnes to European countries including France, Lithuania, Russia, Poland, Germany, Estonia and Latvia during the rest of 2010.

It said it received support from the Ministry of Commerce and the Export Market Access Fund, a World Bank-supported organisation with the mission of addressing financial and technical constraints faced by Cambodian exporters.

MOST VIEWED

  • 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,”

  • Cambodia purchases 4 million Molnupiravir tablets

    Cambodia has arranged for the purchase of four million US-made Molnupiravir pills – enough to treat 100,000 Covid-19 patients – even though the current rate of daily infections in Cambodia remains low. The medicine will be distributed to state hospitals, pharmacies and private clinics, according to the Samdech

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • Cambodia planning new border checkpoint at Thma Da

    Cambodia is looking into the possibility of opening a new Thma Da Border Checkpoint with Thailand to boost trade and tourism. The Ministry of Public Works and Transport said on December 4 that Minister of Public Works and Transport Sun Chanthol led a technical working group

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be