Logo of Phnom Penh Post newspaper Phnom Penh Post - OM 5451 rice delivers golden results

OM 5451 rice delivers golden results

Content image - Phnom Penh Post
Cambodia informally exported 2,893,951 tonnes of paddy worth more than $723 million in 2020, according to figures revealed by Minister of Agriculture, Forestry and Fisheries Veng Sakhon. Heng Chivoan

OM 5451 rice delivers golden results

Booming demand in the Vietnamese market has taken prices of OM 5451 paddy on a wild ride during and beyond the dry-season rice harvest season this year, according to industry insiders.

OM 5451 is a high-yielding long-grain cultivar of fragrant rice mainly grown in the Mekong Delta, created by a crossbreed combination of Jasmine 85 and OM 2490 varieties for pest and disease resistance.

The cultivar has bulked up yields for the Kingdom’s farmers, with the Khon Rang Reak Reay Cooperative in Kampong Chhnang’s Boribor district logging averages as high as 6.5 tonnes per hectare, according to its head Prum Narin.

In contrast, General Directorate of Agriculture chief Ngin Chhay told The Post late last month that the dry season ended with a total yield of 2.93 million tonnes on a total cultivated area of 646,530ha, or an average of over 4.5 tonnes per hectare.

A list published by the Cambodia Rice Federation on May 17 revealed that OM 5451 is going for 900-950 riel ($0.23-0.24) per kilogramme in Kampong Chhnang province, 920-940 riel in Kampong Thom province, 940-970 riel in Banteay Meanchey province and 900-930 riel in Prey Veng province.

Narin told The Post on May 19 that traders were buying up this year’s dry season paddy at higher prices than last year.

Traders were shelling out up to 1,100 riel per kilogramme in early March, before reducing that to 800 riel, while the harvest was in full swing, he said, adding that the OM 5451 paddy now rakes in 950 riel per kilogramme, up by 14 per cent year-on-year from 830 riel.

Rising demand for the crop was propelled chiefly by the Vietnamese market, he said, noting that local millers were refusing to pay out higher rates.

Lon Sim, president of the Santuk Krao Thkum Thkeung Agricultural Cooperative in Kampong Thom’s Santuk district, said his cooperative now grows a lot of OM 5451 rice due to its strong market.

A growing labour market and favourable weather have provided a major boost to this year’s harvest, he said, adding that traders were buying up the paddy at 900 riel per kilogramme on May 19, marking a slim increase year-on-year.

“This year’s paddy is very expensive and traders are coming to the fields to buy,” he said.

Chan Pich, general manager of rice exporter Signatures of Asia Co Ltd, said his company had ordered 8,000 tonnes of dry season paddy for stockpile to mill and process.

“Both the yield and the price of paddy rice in the dry season this year are better because most farmers are producing fragrant paddy rice that has a strong market demand. But nevertheless, Cambodia’s milled rice exports to international markets has seen a slight decrease in recent months,” he said.

Last year, the Kingdom informally exported 2,893,951 tonnes of paddy worth more than $723 million, according to figures revealed by Minister of Agriculture, Forestry and Fisheries Veng Sakhon.

In Cambodia, two crops of rice are typically grown per year. The monsoon-season (or long-cycle) crop is generally planted in late May through to July and harvested in December, whereas the dry-season (or short-cycle) crop is planted in November and collected in January-February of the following year, according to the UN Food and Agriculture Organisation.

MOST VIEWED

  • First Cambodian woman graduates from Japan’s NDA military academy

    A few years ago, Meach Sithyka Jessica became the first-ever Cambodian woman to graduate from the US Military Academy at West Point, and since then her courage and determination has served as an inspiration for other Cambodian women. Similarly, Ly Chansocheata became the first Cambodian

  • Construction begins on $1.5B Kampot seaport

    The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province. The multi-purpose logistics and port centre, located in Prek Tnaot commune, will be built on

  • Cambodia eyes key role in electronics, auto hubs in SEA

    Two roadmaps, part of the LDC’s economic diversification plan, were designed to see it through its migration process, but experts say the journey might be arduous, particularly in the presence of two established hubs in the region By 2028, Cambodia hopes to have exited the

  • Hun Neng, lawmaker and PM’s brother, passes away aged 72

    Hun Neng, chairman of the 4th Commission of the National Assembly, has passed away from heart disease at the age of 72 on the afternoon of May 5, according to the Ministry of Information. Hun Neng is the older brother of Prime Minister Hun Sen, and was

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM meets with US business giants

    Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC). A delegation of companies – including Amazon, Meta, Chevron, ConocoPhillips, ExxonMobil, Ford, Visa and Pernod