Logo of Phnom Penh Post newspaper Phnom Penh Post - Mekong nations planning rice cartel

Mekong nations planning rice cartel

Mekong nations planning rice cartel

Thailand’s prime minister said April 30 his country had agreed in principle to form a rice price-fixing cartel with Cambodia, Vietnam, Laos and Myanmar as costs of the staple grain rocket.

 

The grouping of Mekong nations would be similar to the oil cartel OPEC, and would be called the Organization of Rice Exporting Countries (OREC).

 

“I have talked with Myanmar and invited them to join the rice exporting countries cartel, which will include Vietnam, Laos and Cambodia, to fix the price,” Premier Samak Sundaravej told reporters.

 

He said Myanmar’s Prime Minister General Thein Sein, in Thailand for an official visit, had agreed to join, even though the military-ruled nation was not currently a large rice exporter.

 

“Thailand will help them in terms of technical support to improve their production for export,” Samak said.

 

Samak said Cambodia, Vietnam and Laos had also agreed to join, and Thai Foreign Minister Noppadon Pattama said OREC should begin meeting soon. (AFP)

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,