Port gives rice exporters a cut in storage costs

Port gives rice exporters a cut in storage costs

In a bid to ramp up rice exports to 1 million tonnes in 2015, the Phnom Penh Autonomous Port announced yesterday that rice stored in its warehouses would not be charge any fees for up to 18 days.

The move comes after 2014’s rice exports stacked up to 387,061 tonnes, according to the Agriculture Ministry, with Prime Minister Hun Sen admitting in December that the million-tonne goal was unlikely.

Song Saran, chief executive of Amru rice, said the port’s move was a “good sign” for rice exporters.

“I think it will help push our exports, especially to China,” he said, adding that storing rice at the port currently costs about $1 to $2 per tonne for every two weeks.

However, Saran said he believed the 1 million tonne goal was still improbable due to high logistical and storage costs outside Cambodia. “It’s one of the factors we cannot reach.”

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to