A worldwide move towards biofuels will contribute to higher prices for grains, vegetable oil and sugar over the next decade, according to an annual outlook report released late Tuesday. Prices for wheat and coarse grain products are expected to climb between 15 and 40 percent, and vegetable oil could increase by more than 40 percent until 2019, the report jointly released by the Organisation for Economic Cooperation and Development (OECD) and Food and Agricultural Organisation stated. “Governments should implement measures to ensure farmers have better tools to manage future risks, such as production contracts and futures markets,” OECD Secretary General Angel Gurria said.
Rising grain prices
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In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5
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Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s
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Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters
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Opposition figure Sam Rainsy has been invited to speak at the General Assembly of the Inter-Parliamentary Union (IPU) in Geneva, according to a former Cambodia National Rescue Party (CNRP) lawmaker. A government delegation is also set to attend the meeting, a National Assembly press release