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

  • Sihanoukville land prices skyrocketing amid breakneck development

    Sihanoukville, the Kingdom’s most famous beach destination for tourists, is seemingly becoming a paradise for Chinese investors as well. The huge influx of Chinese investors has caused property values to rise, especially the price of land, which has nearly doubled in some places near

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • MESSAGE FROM SINGAPORE AMBASSADOR TO CAMBODIA

    Dear readers of The Phnom Penh Post, As Singapore celebrates 53 years of nationhood, we also acknowledge and honour the friendship and support of our regional and international partners and friends, without whom the Singapore Story could not have been written. ASEAN In particular, Singapore has