Logo of Phnom Penh Post newspaper Phnom Penh Post - Ministry says rice exports to double

Ministry says rice exports to double

Ministry says rice exports to double

120410_07

Despite a slow start for milled-rice exports in 2012 brought on by falling regional prices, officials yesterday predicted Cambodian shipments would more than double to 400,000 tonnes this year.

{jathumbnail}

Tax exemptions from Europe, which boosted milled-rice exports to about 173,000 tonnes last year, would continue to help the sector, Minister of Agriculture, Forestry and Fisheries Chan Sarun said yesterday at a ministry meeting.

He acknowledged, however, that low rice prices in the region had led to a relatively slow start during the first quarter of the year and did not offer export figures for the three-month period.

New orders for milled rice in January and February were considerably lower than the same months in 2011, the Post reported.

The high cost of milling and transportation in Cambodia had rendered the industry uncompetitive in the face of falling prices in Vietnam, India and Thailand, experts had said.

Trade with China could help realise the goal, although Europe would remain the Kingdom’s biggest market, Kim Savuth, general director for Khmer Food Company, said yesterday.

Kim Savuth claimed Cambodia exported about 37,000 tonnes of milled rice in the first three months of the year, up from what the Ministry of Commerce said was 25,784 tonnes during the same period in 2011.

Price competition remains a problem for Cambodia, Mey Kalyan, senior adviser to the Supreme National Economic Council, said yesterday.

But foreign investors, especially China, are increasingly interested, he said.

Cambodia’s first rice exports to China failed to pass Chinese inspections earlier this year, the Post reported.

Golden Rice Co Ltd Sok Hach said paperwork problems had held up the 48-tonne shipment, but that Cambodian rice would soon “flood the Chinese market”.

To contact the reporter on this story: Sieam Bunth at [email protected]

MOST VIEWED

  • Cambodia to waive quarantine requirements Nov 15, no PCR test required

    Prime Minister Hun Sen has decided to lift all quarantine requirements for fully vaccinated travellers and visitors – both Cambodians and foreign nationals – effective from November 15 onward. In a special message addressed to officials and relevant authorities on November 14, Hun Sen said this policy will enable

  • PM: No more quarantine for vaccinated travellers

    Cambodia is lifting all quarantine requirements for vaccinated inbound travellers entering Cambodia by air, waterway or land border checkpoints effective from November 15. Travellers will be required to take a rapid antigen test on arrival rather than waiting for the results of the lengthier polymerase chain

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration