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

  • Ministers to tackle sea pollutants

    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

  • EU timber deal in firing line

    A committee of more than 20 national and international organisations filed a petition to the EU on October 10 to prevent it from signing a timber trade agreement with Vietnam, noting that the deal would be disastrous to the Kingdom’s forests. The petition claims Vietnamese timber

  • Kim Sok to keep up fight ‘for change’ from Finland

    Kim Sok, wanted by the Kingdom’s authorities for defaming the government, reiterated on Sunday his determination to continue helping to make “a real change” to Cambodian politics after receiving asylum in Finland, even as a government spokesman mocked the political analyst over the development.

  • PM: Programme to recover Vietnam War missing back on

    Prime Minister Hun Sen has announced the resumption of the MIA programme to recover the remains of American service personnel missing after action on Cambodian soil during the Vietnam War. The programme was suspended for more than a year after the US government imposed visa