Logo of Phnom Penh Post newspaper Phnom Penh Post - Millers place export hopes on rice group

Millers place export hopes on rice group

Millers place export hopes on rice group

Price stability, farming help sought from regional trade body

The Cambodian Rice Millers Association (CRMA) is hoping membership of a proposed new regional rice-trading association will help the country's farmers export 200,000 tonnes of milled rice next year.

CRMA president Phu Puy said the association was preparing a plan to buy unmilled rice from local farmers to sell through the so-called Acmecs Rice Traders Association.

The association will comprise the five countries of the Ayeyawady-Chao Praya-Mekong Economic Cooperation Strategy (Acmecs) - Thailand, Vietnam, Laos, Cambodia and Myanmar.

The plan was unveiled Saturday at a meeting of Asean economic ministers in Bangkok following Cambodian leader Hun Sen's initiative at the Asean Summit in Cha-am in late February. It focuses on price stabilisation by next year, development of rice growing techniques and food security in the region.

"To date, we have yet to ink any large-scale agreements with any countries to export our rice since our production ability is still limited and there remains a shortage of capital," Phu Puy said.

Ministry of Commerce Secretary of State Mao Thora said Monday the government would seek technical assistance from partners in the association to streamline export procedures and boost exports of Cambodian rice.

"I hope that the five nations will be open for joint discussion and share technical assistance and their markets to create efficient and stable exports," he said.

It would take three years once the association was formed for Cambodia to reach its full export capacity, as it still lacked the supporting infrastructure for exports, he said.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to