Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice trade rebounds with help from China

Rice trade rebounds with help from China

Rice trade rebounds with help from China

Cambodian rice exports saw a rebound in March, increasing to 75,867 tonnes and doubling February’s export numbers, on account of increased Chinese imports, which benefitted from the relaxing of import restrictions by the Chinese government, according to the Cambodia Rice Federation.

The Kingdom’s rice exports grew by more than 100 per cent year-on-year in March, more than doubling the 35,758 tonnes of rice exported in March 2014. This increase was a result of swelling Jasmine and long grain white rice (LGWR) exports, with the latter accounting for 52 per cent of rice shipments last month.

“The increasing number is due to fewer restrictions on import requirements by the Chinese government for Cambodia rice,” said Kim Savuth, vice president of Cambodia Rice Federation.

David Van, senior adviser to the Cambodia Rice Federation, said that while rice exports to the EU had increased 16 percent in the first quarter, as compared to the same period last year, the depreciating euro will impact exports this year.

“However, as EU doesn’t produce any Fragrant Rice, they would still continue to import such variety from Asia,” said Van.

Last August, Cambodia signed a 12-month agreement with China to export 100,000 tonnes of rice from the Kingdom.

As of March, Savuth said, Cambodia had already exported 80,000 tonnes of this quota, with the export deal expected to reach completion in April or May.

Correction: An earlier version of this story incorrectly stated Kim Savuth's position as the president of the Federation of Rice Exporters. Kim Savuth is currently the vice president of Cambodia Rice Federation.

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from