Logo of Phnom Penh Post newspaper Phnom Penh Post - Laos achieves rice export target to China

Laos achieves rice export target to China

Content image - Phnom Penh Post
Laos achieves its target for exporting rice to China this month. VIENTIANE TIMES

Laos achieves rice export target to China

THE VIENTIANE TIMES/ANN: Laos has achieved its target for exporting rice to China this month after the IDP Rice Mill of Laos signed a trading agreement with China National Cereals, Oils and Foodstuffs Corporation (Cofco) in November.

Last year, the Chinese government agreed to purchase 20,000 tonnes of rice from Laos through Xuanye (Lao) Co Ltd, but up to October the country had exported just 16,800 tonnes, according to the Ministry of Industry and Commerce.

The company first exported 1,000 tonnes of rice and will be exporting the remaining 2,200 tonnes by the end of this month, Minister of Industry and Commerce Khemmani Pholsena informed Parliament.

The government plans to export more rice to China in the near future as well as other agricultural products.

To increase the exports to China, the government will support Lao companies and encourage them to register with the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of the PRC in China, she said.

Last year, Laos earned more than $31.16 million from rice exports, with the major markets being Vietnam, Thailand and China. However, the figure was lower than that for 2016, according to the ministry statistics.

This year, the government is hoping to earn more than $45.56 million from rice exports.

For other crops, the ministry’s Department of Trade Promotion is negotiating to help sugar producers export more product to China.

China is still the largest rice export market for Laos, and the second biggest trading partner of the country.

In the first eight months of this year, Lao’s exports to China comprised 38 per cent of its total exports, excluding electricity, of which Thailand gets 28 per cent and Vietnam 19 per cent.

China mainly imports wood, ore sand, rubber and rubber products, copper and copper products and fertilisers from Laos. VIENTIANE TIMES/ANN

The trade value of exported products to China in the first six months of this year reached $619 million and around $1.27 billion to Thailand, of which electricity earned the largest revenue.

The export value to China had reached $372.5 million in 2013, $672.7 in 2014, $1 billion in 2015 and $1.13 billion in 2016.

The total trade value of both countries reached $3 billion last year, according to a Laos-China Cooperation Commission report.

MOST VIEWED

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong