Cambodia’s premium rice expands exports to EU

May 24th at 12:21
24-05-2024 12:21:58+07:00

Cambodia’s premium rice expands exports to EU

Local rice producer Amru Rice (Cambodia) is ramping up exports of its premium and organic rice varieties to the European market, capitalizing on a growing demand for high-quality Cambodian rice.

 

The company, known for its focus on organic and sustainably produced rice, is targetting European consumers with its fragrant premium rice as Cambodia’s rice exports to EU continue to see a steady rise.

After being present in the EU market for years, Cambodian rice under the Amru Rice brand has now reached the top selling point in supermarkets in Finland, one of the Nordic countries, Song Saran, CEO of the Amru Rice (Cambodia) said on Thursday.

“Europe presents a significant opportunity for Cambodian rice,” Saran said.

“Consumers in the European countries especially in the Nordic countries appreciate the unique qualities of Cambodian rice, particularly its taste and aroma,” Saran told Khmer Times.

Amru Rice has invested heavily in infrastructure to meet the stringent food safety standards of the European Union. This includes state-of-the-art processing facilities and robust quality control measures.

This showcases the high quality of the Kingdom’s rice and millers to enter the European market, Cambodia Rice Federation (CRF) said.

“This is a great step for Cambodian rice exported by Amru Rice to gain international standard recognition in the Finland market,” CRF wrote in a Facebook post on Thursday.

Cambodia’s rice sector is working on the framework of climate resilience within the rice industry to get more competitiveness in the market, according to CRF.

Figures from the CRF showed that Cambodia exported 246,683 tonnes of milled rice to the EU last year, making the EU become the biggest market for Cambodia’s rice, followed by China and ASEAN countries with 212,756 tonnes and 93,376 tons, respectively.

Cambodia is committed to working closely with European partners to ensure a reliable supply of premium Cambodian rice, Saran said, citing that it will lead to a long-term presence in the European market.

The firm has also planned to expand exports of premium rice into the US, in response to high demand from the residents of Long Beach, California.

The company plans to export a total of 45,000 tonnes in 2024, 30 percent organic rice and 70 percent premium rice. During January-April 2024, the firm exported some 15,000 tonnes of milled rice, an increase of more than 50 percent compared to the same period of 2023.

khmertimeskh



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

GDT tax collection falls in Q1

The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion...

AMRO forecasts rosier growth for Cambodia in 2024

According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by...

More companies to list bonds on CSX this year

The Cambodia Securities Exchange (CSX) is all set to see more companies listing their bonds than their equities this year and this could be because bonds are...

Cambodia sees surge in e-wallets

Cambodia witnessed a significant surge in electronic payments in 2023, driven by a growing appetite for digital financial services and a tech-savvy population.

Vehicle imports dip as domestic assembly plants raise production

Cambodia’s vehicle import is experiencing a significant shift in 2024, with import values declining in the first four months compared to the same period last year...

NBC forecasts robust growth

The National Bank of Cambodia (NBC), has predicted a healthier economic growth rate coupled with a decline in inflation for Cambodia in 2024 amidst a global...

Cambodia tops emerging markets FDI index 2024

Cambodia has topped a recent global index produced by the UK-based business publication, fDi Intelligence. The nation ranked as the best emerging market worldwide...

NBC offers optimistic outlook in new FSR

The National Bank of Cambodia (NBC) launched its Financial Stability Review (FSR) 2023 yesterday, outlining Cambodia’s financial system and proactive measures to...

RCEP, FTAs to help Cambodia attract more FDIs, boost exports

The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign...

FDI inflows into manufacturing remain high

Foreign direct investment (FDI) inflows into the manufacturing sector remained high, after investment into construction and real estate, as per the Annual Financial...


MOST READ


Back To Top