Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice exports down 15% year-on-year in January

Rice exports down 15% year-on-year in January

Content image - Phnom Penh Post
Cambodian rice exports to the European market last month decreased 5,269 tonnes (22 per cent) year-on-year since the EU Commission introduced safeguard measures last year on rice imports from the Kingdom. Hong Menea

Rice exports down 15% year-on-year in January

Cambodia exported 50,450 tonnes of rice worth $39 million to the international market in January, down 15.39 per cent compared to the same period in 2018, Cambodia Rice Federation (CRF) secretary-general Lun Yeng said on Sunday.

Yeng told The Post that Cambodian rice exports to the European market last month decreased 5,269 tonnes (22 per cent) year-on-year since the EU Commission introduced safeguard measures last year on rice imports from the Kingdom.

Last month’s rice exports to China decreased 3,664 tonnes (20 per cent) year-on-year, he said.

“Cambodian rice exports to the EU market are set to increase in the coming months, thanks to a drop in taxes on rice imports from €175 to €150 [$190 to $160] per tonne, which will take effect in mid-February,” he said.

Customs duty to the EU for last year stood at €175 per tonne and will be reduced to €150 this year and to €125 next year.

Referring to the Lunar New Year which fell in January this year instead of its usual February date, Yeng said: “Having too early a Lunar New Year celebration reduced shipments [of rice].

“Cambodian rice exports to the Chinese market show a decline. I think they will continue to experience a negative impact in the long-term due to the outbreak of the novel coronavirus in Wuhan, China,” he said.

He said some Cambodian rice exporters have delayed their shipments since last week.

Meanwhile, the EU continued to be the leading destination market for Cambodian rice markets last month, holding a 37 per cent share of the market, while China held 30 per cent, Asean 11 per cent and other countries 22 per cent, a CRF report said.

“Malaysia and Brunei were major importers of Cambodian rice, which showed a good and stable rice market, while Australia and Gabon sped up their imports from Cambodia,” the report said.

Rice exports reached 620,106 tonnes last year, a 0.97 per cent drop from 626,225 tonnes in 2018. Coupled with the 1.43 per cent decline between 2018 and 2017, the modest drop marks the second consecutive year that exports have fallen.

The total value of the Kingdom’s rice exports were valued at some $501 million last year, down 4.3 per cent from $524 million in 2018, the report said.

Speaking to the press at the two-day trade exhibition, Business Opportunities in Agriculture last week, US Ambassador to Cambodia Patrick Murphy vowed to improve access to finance for the Kingdom’s exporters, producers and small and medium-sized enterprises.

“Major rice producers and exporters can get loan guarantees from the US Import-Export bank which will give them access to private equity lending and the capability to purchase some of the highest-tech silos to store their rice in outstanding condition, with climate and pest control.

“[Use of] first in, first out technology will continue to grow and allow Cambodia to increase rice exports,” said Murphy.


  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • 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

  • 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

  • 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

  • Banteay Meanchey gunfight sees 15 Thais arrested, three officers injured

    The Banteay Meanchey Military Police have arrested 15 Thai suspects and their accomplices after a gun battle between two Thai groups caused injuries to three police officers in the early hours of November 21, local authorities said. National Military Police spokesman Eng Hy said that according to

  • PM: Do not defile Tonle Sap swamp forest or else

    Prime Minister Hun Sen ordered police to arrest anyone – including government officials – involved with the deforestation of the flooded forests surrounding the Tonle Sap Lake because it is an area important to the spawning of many species of fish, among other reasons. Speaking in a