Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom to reach rice target

Kingdom to reach rice target

Kingdom to reach rice target

7 rice export
Milled rice was stockpiled for supplying in local markets. Photograph: Heng Chivoan/Phnom Penh Post

Following a considerable increase in Cambodia’s milled rice exports in the first four months of the year, Minister of Commerce Cham Prasidh said he was optimistic the Kingdom’s rice exports would reach the 2015 target of one million tonnes.

With this year’s export figures notably higher than those of the same period last year, Prasidh said he believed exports of milled rice would reach more than 300,000 tonnes in the first six months of the year, mostly absorbed by European markets.

“So, I predict it will be at least 500,000 tonnes or [even] 600,000 tonnes [by the end of this year]. And next year, if it is smooth, one million tonnes can [already] be possible or maybe the figure [of one million tonnes] could be reached before 2015,” he said.

He said the rise in exports could be attributed largely to the completion of high-capacity factories and milling machines throughout the country.

In early April, the Ministry of Commerce signed a milled rice export deal with the Philippines, one of the world’s largest milled rice importers. In August of last year, state-owned milled rice exporter Green Trade signed a deal with Indonesian state-owned DULOG to supply 100,000 tonnes of milled rice per year.

Hun Lak, secretary of the Alliance of Rice Producers and Exporters of Cambodia, said he hoped that Prasidh would push the creation of trade policies that would further boost rice exports.

The figures he had seen so far, he added, led him to believe that Cambodia was unlikely to reach half a million tonnes by the end of this year, as exports would decline gradually from April to October.

“I predict milled rice exports will [reach] 350,000 tonnes this year,” he said, adding that even though the export volume would increase considerably in November and December – when harvesting starts – Cambodia’s exports were still slowed by inadequate ports and too few storehouses.

“We need to gather to work together to handle some remaining work if we want to make one million tonnes [happen] by the year of 2015,” he added.

According to data from the Secretariat of One Window Service for Rice Export Formality, Cambodian milled rice exports reached 118,500 tonnes in the first four months of this year compared with 51,466 tonnes in the same period last year.

Yang Saing Koma, president of the Cambodian Center for Study and Development in Agriculture, said he doubted export figures would reach those predicted by Prasidh but said they may be close.

“Cambodia could reach its goal, but some factors still influence the Cambodian rice sector, such as capital and the production of paddy rice,” he said.

MOST VIEWED

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the