Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice exports to Thailand rise

Rice exports to Thailand rise

Rice exports to Thailand rise

Exports of Cambodian unpolished rice to Thailand are increasing, and the trend is promising if the Thai government continues its intervention policy to guarantee the minimum paddy price for their farmers, industry insiders said.

Reuters reported recently that Thailand’s government has pledged to renew its rice buying scheme, which started in October 2011.

Lim Bunheng, president and CEO of rice miller Loran Group, said he had seen increasing exports of milled rice from Cambodia to Thailand, mostly in a semi-final state. He said it is not polished or packaged but packed into bags that go to Thailand for the finishing process.

“Some Thai traders have increased their buying of Cambodia unpolished rice and do further processing in their country,” said Lim Bunheng, “They might find our milled rice price more competitive because rice millers here can buy paddy at lower prices.”

Government figures show that in the first four months of this year, Cambodian milled rice exports to Thailand reached 14,250 tonnes, while total Cambodian overseas exports was 118,504 tonnes.

During that period, Lim Bunheng said, the Thai rice mortgage program will not influence Cambodia’s rice industry, but exports to Thailand would increase as Cambodian milled rice could see more demand from Thai traders.

Cambodian commerce minister Cham Prasidh said yesterday that it is not going to change Cambodia’s rice industry. However, “when the price in Thailand increases, it makes prices on international markets increase as well”, he said. “Cambodian farmers will benefit from this increase.”

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty