Cambodia nets $1.79 billion from rice exports
Cambodia nets $1.79 billion from rice exports
Cambodia has earned $1.79 billion from paddy and milled rice exports in the first eleven months of this year, a report from the Cambodia Rice Federation showed yesterday.
From January to November, the Kingdom shipped 575,562 tonnes of milled rice to 67 countries, earning $413 million, marginally down by 1.6 percent compared to the same period last year.
China and Europe are the major markets for Cambodia’s milled rice, importing 109,448 tonnes of milled rice worth $69 million.
The Kingdom shipped 283,981 tonnes of milled rice to 26 European countries worth $207 million. The country also exported 113,792 tonnes to seven ASEAN nations including Timor-Leste, read the report.
Raising production and storage capacity and elevating rice quality standards have boosted Cambodia’s rice exports to the international markets, said CRF President Chan Sokheang.
“Cambodian rice market is growing abroad due to quality recognition and also thanks to cooperation between the government and the private sector, which led to the improved quality of the commodity,” Sokheang told Khmer Times.
The exported rice varieties included fragrant rice, organic rice, white rice, parboiled rice and japonica rice.
The Kingdom also earned $1.37 billion from the export of 4.6 million tonnes of paddy rice during the first eleven months of this year.
The government’s support for the rice sector includes its initiatives to improve infrastructure and technical assistance to farmers and the branding of Cambodian rice.
The country’s focus on improving rice quality and implementing sustainable farming practices has contributed to its growing reputation as a reliable supplier of high-quality rice.
Malis Angkor, the certification mark for Cambodian Premium Aromatic Rice, won the World’s Best Rice for the sixth time at the World’s Best Rice Competition on November 7 during the World Rice Conference 2024 in Manila, the Philippines.
The Cambodia Rice Federation has set an ambitious target to export at least a million tonnes of milled rice by 2025.
