Logo of Phnom Penh Post newspaper Phnom Penh Post - PM seeks overseas markets for Kingdom’s agricultural products

PM seeks overseas markets for Kingdom’s agricultural products

Content image - Phnom Penh Post
Farmers shovel rice in Nangarhar province in Afghanistan. Prime Minister Hun Sen has said he seeks to explore Central Asia and the Middle East to identify potential new export markets for the Kingdom’s rice. PARWIZREUTERSTHE STRAITS TIMES (SINGAPORE)

PM seeks overseas markets for Kingdom’s agricultural products

The prime minister said he will seek other overseas markets for the Kingdom’s agricultural products, especially rice exports, claiming that Cambodia cannot rely on only one market.

Content image - Phnom Penh Post
Join us to celebrate The Riel Day 2019. Do take part in the contest and win exciting prizes by clicking the link here / For mobile, here

Speaking at the closing ceremony of 2018-2019 Agriculture, Forestry and Fisheries Annual Result Review Meeting, Prime Minister Hun Sen said Cambodia’s agricultural sector is showing progress, with it producing nearly six million tonnes of paddy, which can be processed into four million tonnes of milled rice.

He said the Kingdom currently faces the potential removal of the EU’s “Everything But Arms” (EBA) preferential system.

As such, the prime minister said the Kingdom’s milled rice processing capacity, market shortages and high production costs are major obstacles for Cambodia’s milled rice and other exports to compete with neighbouring countries.

“Obviously in the meantime, Cambodia’s bid to export rice to the Philippines cannot beat Vietnam nor Thailand [in terms of price],” he said.

He said the Kingdom this year will boost agricultural product exports to more markets.

“Tomorrow [Friday], according to my plan, I will ask South Korean [President Moon Jae-in] to help buy more Cambodian products. Our market cannot sink under any market by having them hold our noses and suffocating us."

“This year, I will head over to some Central Asian countries and take our products there, and we’ll go further to the Middle Eastern market. We’ll open our market-wide,” he said.

The prime minister also urged the ministries of Agriculture, Forestry and Fisheries, and Commerce, to work together to achieve the target of exporting 400,000 tonnes of milled rice to China and 300,000 tonnes to Vietnam.

According to the Ministry of Agriculture, Forestry and Fisheries, between December 1 last year to February this year, Cambodia produced 10.87 million tonnes of paddy – up 3.37 per cent from the previous season – with more than 5.8 million tonnes in surpluses. This can yield more than 3.7 million tonnes of milled rice.

Cambodia Rice Federation vice-president Hun Lak expressed hope that the Kingdom could gain new markets for its product exports.

“If we can access more foreign markets, investors will focus on the major sectors for export and come invest more in Cambodia,” he said.

He said that aside from the rice sector, the Kingdom boasts many agricultural and agro-industrial products for export. Reliance on limited markets is detrimental to fortifying the Kingdom’s agricultural sector.

“Exploring new markets on the part of the leaders is a main wish of the private sector,” he said.

Centre for Policy Studies director Chan Sophal said Cambodia is a potential exporter of various goods to South Korea and Middle Eastern countries. However, the Kingdom needs a mechanism in place safeguarding quality restrictions.

“Normally, when we can diversify our exports to more goods, it will help domestic production and the national economy to grow faster,” he said.

Rice export figures showed that the Kingdom exported more than 626,000 tonnes of rice last year, an increase of some 635,000 tonnes in 2017.

MOST VIEWED

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Time to avert disastrous Covid situation: officials

    The Covid-19 situation in Cambodia is heading towards further large-scale community transmission as the total number of confirmed cases is nearing 61,000 and the death toll passed 900 on July 10, senior health officials warned. Ministry of Health spokeswoman Or Vandine expressed concern that the country was going

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Baby saved as mother is lost to Covid

    Newborn baby Neth David has had a rough start in the world. His mother, Vong Daneth, was seven months pregnant when she contracted a severe case of Covid-19. When it became clear to her doctors that she would not survive, they performed a cesarean section

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided