Home Cambodia Commodities

Philippine, Cambodian rice deal still on hold

Jul 25th at 13:32
25-07-2013 13:32:09+07:00

Philippine, Cambodian rice deal still on hold

Four months after the Philippines and Cambodia signed an agreement to increase rice trade, the plan is stuck in limbo.

Philippine Ambassador to Cambodia Noe Wong and Cambodian Minister of Commerce Cham Prasidh signed a deal in April for the Philippines National Food Authority to import rice through the Cambodian state-owned enterprise Green Trade.

Thon Virak, Green Trade’s director, said yesterday that the company is waiting to schedule a meeting because relevant partners are busy preparing for the election.

“We are still waiting for the delegation from the Philippines to come here for a detailed discussion,” Virak said. “We plan to send the invitation letter to them, but need to wait for Cambodia’s new government to form after the national election.”

Last year, a similar agreement between Cambodia and the Philippines was also planned but could not be finalised after Cambodia reportedly delayed a decision to lower prices to levels the Philippines was demanding.

The Philippines aims to achieve rice sufficiency this year but is planning to import around 187,000 tonnes of rice for stocks.

phnompenh post

MOST READ

NEWS SAME CATEGORY

New coffee chain to enter packed market
COMMODITIES Jul 24th at 14:32

New coffee chain to enter packed market

South Korea-based coffee chain Caffé Bene plans to open a Phnom Penh shop in in October, making it the latest entrant into a crowded market with numerous...

Malaysian motos to enter market
COMMODITIES Jul 23rd at 14:23

Malaysian motos to enter market

Naza Bikes Sdn Bhd, a subsidiary of Malaysia-based Naza Group of Companies, will enter Cambodia’s crowded motorbike sector, according to the local brand manager.

Cambodia sees gold price dip
COMMODITIES Jul 19th at 14:54

Cambodia sees gold price dip

Gold prices in Cambodia are down about 27 per cent from January through June, according to the Ministry of Commerce.

Scooter connects to phone
COMMODITIES Jul 18th at 13:43

Scooter connects to phone

Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year.

Kampot pepper demand dips
COMMODITIES Jul 15th at 13:11

Kampot pepper demand dips

SALES of Cambodia’s World Trade Organization-certified pepper from Kampot province fell to 21 tonnes at the end of this year’s harvest season, a slight decline from...

Sales of palm sugar not so sweet
COMMODITIES Jul 12th at 14:50

Sales of palm sugar not so sweet

SALES of Cambodia’s World Trade Organization-certified palm sugar from Kampong Speu province dipped to 12 tonnes at the end of the harvest season this year, about a...

Recovering supply lifts car sales
COMMODITIES Jul 4th at 13:59

Recovering supply lifts car sales

Thanks to a more stable and undisturbed supply chain, sales of new cars in Cambodia have risen dramatically over the first six months of this year compared with the...

‘Thinnest’ smartphone is set for debut in Cambodia
COMMODITIES Jun 24th at 14:01

‘Thinnest’ smartphone is set for debut in Cambodia

Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced...

Thai rice cuts pose problems
COMMODITIES Jun 21st at 13:23

Thai rice cuts pose problems

Thailand’s recent announcement of a 20 per cent price cut within the government rice-pledging scheme will have little impact for Cambodian exports, but farmers may...

Rice unsalable, farmers in big distress
COMMODITIES Jun 20th at 15:45

Rice unsalable, farmers in big distress

Millions of farmers in Mekong Delta never dream of making a profit of 30 percent as promised by the government. They just wish to sell out the rice.

Read More

MOST READ

Back To Top