Officials worry over tiny rise in rice exports

Nov 16th at 12:53
16-11-2012 12:53:51+07:00

Officials worry over tiny rise in rice exports

Cambodian milled rice exports grew by only 0.52 per cent in the first 10 months of the year, compared to the same period last year, according to new figures from the government. Officials have expressed concern over Cambodia’s ability to reach its export target of one million tonnes by 2015.


Hean Vanhorn, deputy director general of the Ministry of Agriculture, Forestry and Fisheriesand director of the Single Window Secretariat in charge of facilitating milled rice exports, said the country’s total export of milled rice only reached 148,200 tonnes, a year-on-year increase of 765 tonnes from last year’s 147,435 tonnes.

The reasons he gave for the slow growth include competition from neighbouring countries, shifting demand in the world market for Cambodian milled rice, and the fact that rice milling in Cambodia has only just started. “This slow growth should be worrying,” said Hean Vanhorn.


“The growth is so little that it is difficult to count,” he said adding that “the success of the government’s strategic policy depends on our common effort. It’s difficult for me to evaluate if the goal will be realised because I work from one side of the issue”. He said Cambodian milled rice has reached markets in 58 countries.


The Ministry of Economy and Finance’s policy framework said that the Cambodian government aims to export 250,000 tonnes of milled rice by the end of 2012, representing 25 per cent of the 1 million tonne target for 2015.


Hun Lak, secretary general of the Federation of Associations of Small and Medium-d Enterprises of Cambodia and general director of Mekong Oryza Trading, said there was a lot of competition with Vietnamese white rice in the European markets.


“We didn’t beat Vietnam on price so the European Union opted to buy rice from Vietnam,” he said. However, there was a lot of demand for Cambodian fragrant rice from Asian markets such as China.


In October, Minister of Commerce Cham Prasidh said besides processing milled rice for formal export, Cambodia has to combat the illegal export of approximately 2 million tones of paddy rice to neighbouring countries, 70 per cent of which is sent to Vietnam and the other 30 per cent to Thailand.


Cham Prasidh added that Cambodia needs $1 billion to buy the paddy rice to halt the export, but only has the capacity to buy $300 million worth of the paddy rice grown.

phnom penh post



NEWS SAME CATEGORY

Cambodia’s oil imports rise

Cambodia imported approximately 1.2 billion tonnes of petroleum in the first nine months of the year, up 12.51 per cent from the 1.1 billion tonnes in the same...

Fake potash reduces rice profits and farm output

A senior agricultural official is concerned by the prevalence of fake fertilisers that cause stunted rice crops and reduce farmers’ profits.

Local company to export tonnes of rice to China

Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said.

Rice exports up 2 per cent over last year

Cambodia's total export of milled rice via the single window office slightly increased by two per cent over the first nine months of this year compared to the same...

What ASEAN rice alliance strives for, quantity or quality?

Opinions still differ about if it is necessary to set up a rice alliance in ASEAN, an organization like OPEC in rice export.

Cambodia hits oil revenue

Officials yesterday confirmed that the Cambodian government will receive a majority of the revenue share from Chevron’s offshore Block A oil permit area near...

Rubber up $100 a tonne in a week

The price of rubber jumped to $2,500 per tonne last week after months of the commodity steadily dropping, industry analysts reported.

Government promotes new brown rice standards

Cambodian officials have begun to raise awareness on the forthcoming government issued standards for Cambodian milled brown rice, in an effort to guage reactions...

 Profits to the people, pledges Angkor Gold

THE Canadian CEO of one of the largest gold exploration companies in Cambodia, Mike Weeks, pledged Tuesday night to give any profits he makes back to the Cambodian...

India shows interest in cashew nuts processing

 India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian...


MOST READ


Back To Top