Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice price stabilised thanks to increase in supply, federation says

Rice price stabilised thanks to increase in supply, federation says

Content image - Phnom Penh Post
Rice can also be purchased at Amru Rice (Cambodia) Co Ltd, Mekong Oryza Trading, Baitong Rice Export Company, Khmer Food Group and through rice millers. Hean Rangsey

Rice price stabilised thanks to increase in supply, federation says

The Green Trade Company and the Cambodia Rice Federation (CRF) on Wednesday said increasing the supply of milled rice in the local market has helped stabilise prices as the country faces the threat of the Covid-19 pandemic.

Earlier this month, a significant number of people were reported to be stockpiling staple goods like rice in fear that the outbreak of the novel coronavirus could lead to shortages.

CRF vice-president Chan Sokheang told The Post that to prevent shortages of important commodities like rice, the government and the private sector were working together to increase shipments of the grain to local shops by 100 to 500 tonnes.

“Sales of rice is still strong and the price is stable,” he said, adding that people can buy rice at the Green Trade Company, a state-owned enterprise with branches in Phnom Penh’s Daun Penh and Russey Keo districts.

A representative of Green Trade Company said the company has been selling about one tonne of rice per day since March 9.

“A lot of locals are buying rice from this store at a very good price,” he said.

Rice can also be purchased at Amru Rice (Cambodia) Co Ltd, Mekong Oryza Trading, Baitong Rice Export Company, Khmer Food Group and through rice millers.

In a recent press release, CRF urged the public to avoid panic buying.

“Please don’t panic. There is plenty of rice. If you panic the price of rice will shoot up,” it said.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • PM reflects on shoe throwing: Free speech or act of violence?

    Prime Minister Hun Sen on May 17 questioned whether a man who threw a shoe at him while he was in the US was exercising freedom of expression or if it was an act of hostility. Hun Sen was referring to an incident last week when

  • Chinese tourists 2.0 – Coming anytime soon?

    Regional tourism is grappling with the absence of the prolific travellers and big spenders – the Chinese tourists. Cambodia, which has welcomed over two million Chinese tourists before Covid-19, is reeling from the economic loss despite being the first to fully open last November ‘To put

  • Prime Minister Hun Sen warmly welcomed by president Biden

    Prime Minister Hun Sen, as ASEAN chair, and other ASEAN leaders were warmly welcomed by US president Joe Biden as the ASEAN-US summit May 12-13 kicked off today in Washington. “This evening, I welcomed ASEAN leaders to the White House for the first time in

  • Third Makro outlet planned for capital’s Chroy Changvar

    Makro (Cambodia) Co Ltd is set to invest $12.7 million in its third Cambodian outlet, this time in northeast Phnom Penh’s Chroy Changvar district, an area dotted with high-end residential developments, as shopping behaviours continue to evolve in tandem with economic growth. The Cambodian Investment