The Cambodia Rice Federation (CRF) has committed to raising the Kingdom’s rice exports to one million tonnes by 2022, its president Song Saran said on Wednesday.
The comment was made at the Strategic Plan 2020-2023 Consultation Workshop, which was attended by CRF members, ministry representatives, government agencies and international stakeholders.
In an effort to attain its goal, the CRF will export 35 per cent of its rice to the Chinese market, 30 per cent each to Europe and Asean countries, and five per cent to other markets said, Saran.
Of that, luxury fragrant rice will account for 30 per cent of its exports, regular fragrant rice 40 per cent and regular rice 30 per cent, he said.
“To meet export demand, we have a special interest rate credit package of $200 million to purchase rice during the harvest season,” he said, adding that the available funds can buy around 500,000 tonnes of paddy – particularly jasmine varieties – during the season.
A CRF report says the Kingdom exported 398,586 tonnes of rice in the first nine months of this year, up 2.3 per cent from the same period last year, or 389,264 tonnes.
Rice shipments to China stood at 157,793 tonnes during the period. This was up more than 44 per cent year-on-year. But exports to Europe fell to 135,471 tonnes, or down nearly 30 per cent.
However, Saran said earlier this month that after three consecutive quarters of decline, Cambodia’s rice exports to the European market are expected to grow in the fourth quarter following a CRF working group’s visit to the EU to promote the grain.
In August 2010, the government pledged to export one million tonnes of rice by 2015. However, the Kingdom exported 387,000 tonnes of rice in 2014, 538,396 tonnes in 2015, 542,144 tonnes in 2016, 635,679 tonnes in 2017 and 626,225 tonnes last year.
The Kingdom’s exports so far this year have amounted to just more than 600,000 tonnes, with insiders blaming a lack of funds and rice facilities.