Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice sector predicts a worrying trend

Rice sector predicts a worrying trend

A worker in a rice factory in Phnom Penh.
A worker in a rice factory in Phnom Penh. Vireak Mai

Rice sector predicts a worrying trend

Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline.

The most recent data on rice exports released by the Ministry of Agriculture stated that 39,550 tonnes of rice was exported in April of this year, more than 30 per cent less than the same time last year. In comparison, March exports only decreased by 14.5 per cent year-on-year.

Despite the total number of exports for the first quarter of this year showing an increase of 0.3 per cent, Kann Kunthy, CEO of Battambang rice miller Brico, said that April signified the beginning of a trend.

“The decrease in rice exports is the result of no [preventative] action being taken from the Cambodian Rice Federation or the government” he said, adding that millers had already sent a slew of recommendations that could alleviate the sector.

Kunthy added that without solutions to address the high electricity and transportation costs, Cambodian rice exports will continue to decrease.

“We have already done our duty so the only thing we can do is hope for a solution from the government,” he said. “At this point we cannot decrease our rice price any lower to make it competitive with declining regional prices.”

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not