Logo of Phnom Penh Post newspaper Phnom Penh Post - Hopes banked on new rice facilities amid export dip

Hopes banked on new rice facilities amid export dip

Content image - Phnom Penh Post
A worker holds a bowl of rice at a mill in Phnom Penh. Despite a decrease in exports, industry experts remain hopeful that new milling and storage facilities will prove successful for the sector. Heng Chivoan

Hopes banked on new rice facilities amid export dip

Cambodian rice exports decrease nearly six percent year-on-year during the first half of the year, while an official from the Ministry of Agriculture urged the private sector to secure a solid position in the international market.

A Ministry of Agriculture report showed rice exports in the first six months of the year was 271,537 tonnes – a 5.9 percent decrease from the 288,562 tonnes over the same period last year.

General Directorate of Agriculture director general Hean Vanhan said on Tuesday that the decline was due to competitiveness in the international market.

He urged the private sector to increase capacity and secure more international orders to strengthen exports.

“Export trends confirm that the private sector is a key player in securing more large-scale contracts. Due to this, such exports will not surpass the total export figure from last year,” he said.

Despite obtaining a 200,000-tonne quota for 2017 from China, which will be bumped up to 300,000 tonnes this year, the Kingdom’s lack of storage facilities and financing are a barrier to export goals.

However, storage may not be so much of an issue anymore, as several new storage and milling facilities are nearly ready for operation, said Cambodia Rice Federation vice president, Hun Lak.

“We gained with the quota from China but our challenge is storage capacity which is causing decreased exports."

“However, in the coming season, the capacity of collecting paddy will be sped up as our storage [facilities] are ready, so it should increase the exports at the end of the year,” he said.

MOST VIEWED

  • Hun Sen: Full country reopening to be decided in two weeks

    Prime Minister Hun Sen has announced that if the Covid-19 situation remains stable for 15 consecutive days from the end of the October 5-7 Pchum Ben public holiday, Cambodia will reopen fully, albeit in the context of Covid-19 whereby people have to adjust their lives to

  • Cambodia unveils new quarantine regulations

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Cambodia sets new Covid-19 quarantine rules

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Hun Sen: Cambodia set to fully reopen

    Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • Cambodia voted ‘world’s friendliest country’ in Rough Guides reader poll

    Cambodia ranked number one among the “World’s Friendliest Countries”, according to a reader poll conducted by London-based international website “Rough Guides”. Taking submissions through Twitter and Facebook, “Rough Guides”, a well-known travel agency and publisher of guidebooks, said the Kingdom “was by far the