SOMA Group forms China rice mill partnership

Cambodian consortium SOMA Group has partnered with a Chinese firm to build a rice mill in the Kingdom, according to SOMA Group project manager Poeuv Bunrith.

Construction of the mill will begin following the rainy season, with China’s Yunnan Provincial Overseas Investment Company aiming to eventually process up to 200,000 tonnes of rice per year for export to China and other international markets.

“The plant will probably be built in Takeo province, where it produces lots of rice each year, and is easy for us to collect,” he said yesterday.

The finer points of the joint venture are still being discussed, Poeuv Bunrith claimed, as he declined to reveal the cost of the project.

The joint venture parallels an agreement between Cambodia and China offering a large quota for rice exports, he said.

“We want complete this project because we want to follow policies from both countries to export more rice to China,” he said Cambodia’s largest rice exporters yesterday welcomed the agreement to create another rice mill.

Loran Import-Export Company President Lim Bun Heng said additional rice mills would increase the prestige of Cambodia’s rice, and would allow the staple crop to be milled locally instead of in Vietnam.

Source: Phnom Penh Post

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