Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom, Indonesia said close to rice deal

Kingdom, Indonesia said close to rice deal

Kingdom, Indonesia said close to rice deal

Cambodia is close to a deal that would ship as much as 20,000 tonnes of milled rice to Indonesia, according to sources familiar with the matter.

Thon Virak, director of state-owned rice exporter Green Trade and chairman of Federation of Milled Rice Exporters Association, said Green Trade has been in discussions with Indonesia’s Green Mineral Resource (Cambodia), and that an agreement is waiting for approval by both countries’ governments.

Angela A Soewono, third secretary at the Embassy of the Republic of Indonesia in Phnom Penh, confirmed the talks but could not discuss specifics of the deal.

Thon Vireak said the order is for between 10,000 and 20,000 tonnes at US$400 per tonne.

“Actually, they ordered about 200,000 tonnes, but I couldn’t accept because it is very big,” he said.

Green Mineral Resource (Cambodia) could not be reached for comment. 

To contact the reporter on this story: May Kunmakara at [email protected]

MOST VIEWED

  • 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 resumes issuance of tourist visas

    The Ministry of Foreign Affairs and International Cooperation has announced the resumption of its tourist visa and visa exemption programme after a long hiatus due to the Covid-19 pandemic. In a letter dated October 20 and addressed to foreign embassies and consulates, foreign minister Prak Sokhonn

  • S’ville set to turn into ‘second Shenzhen’

    The Ministry of Economy and Finance has awarded a master plan consultancy contract to top Chinese institute for the development and transformation of Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone”, Southeast Asia’s next logistics and resort hub and innovation centre. The