Vietnamese rice exporter face challenges from foreigners in Cambodia

Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report.

Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas for exporting its farm produce, especially rice, to the EU. Read more of this post

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More competition from Thai rice millers

Thai government proposals to pay above market prices to rice farmers could complicate Cambodia’s goal of becoming a major milled rice exporter, according to industry insiders.

Pheu Thai party leader Yingluck Shinawatra has announced plans to buy rough rice for a guaranteed price of 15,000 baht (US$505) a tonne, more than 50 percent above current rates. Read more of this post

Work on Canadia rice mills begins

Canadia Bank  has begun construction on an US$8 million rice processing facility in Takeo province, aiming to process rice for export to the international market, company officials said.

Set up in the province’s Doun Keo district, the mill will be capable of processing up to 500 tonnes of paddy per day, Canadia Investment Department Manager Rien Samrith said.

“We want to invest in this province because of its potential for agriculture, and we want to push people to produce more rice,” he said.

Construction on the facility began earlier this month, and will be finished by September this year. Read more of this post

Rice traders see room to grow in US market

Cambodian rice imports to the US have increased recently, and producers now say they are seeking to maintain quality standards to continue shipments.

“Cambodian rice was imported into the US before, but the companies couldn’t sustain the quality of rice after the initial shipment,” Phanarith An, who works with rice importer Angkor International, said as a guest on “Hello VOA” Monday. “So customers complained and the companies went out of business.”

“Thanks to state-of-the-art machines and the selection of crops,” he said, “we can now guarantee the consistent quality of our rice.” Read more of this post

Battambang districts facing drought

More than 1,000 families across four districts of Battambang face the prospect of losing their rice crop this year if rain does not arrive by the end of next week, the director of the province’s department of agriculture said yesterday.

“If the rain does not arrive within one week, rice crops will be destroyed in areas of four districts,” Cheam Chansophorn said.

About 10,000 hectares of rice fields are threatened so far, he said. The four districts already facing severe drought in some communes are Kors Kralor, Moung Russei, Thma Koul and Rokak Tivea.  Read more of this post

Chinese firm seeks rice from Cambodia

Chinese agricultural company Sino Grain was in Phnom Penh this week, researching the possibility of importing Cambodian milled rice, according to a ministry statement.

Minister of Commerce Cham Prasidh hosted the company’s director general, Xu Ge Fei, and other Sino Grain delegates yesterday, the ministry said.

“With a population of 100 million, Guangdong requires 1 million tonnes of milled rice per month. So food demand is very high, and requires importing for supply and stock,” Xu Ge Fei was quoted as saying in the statement. Read more of this post

Exports of rice quadruple compared to 2010

Cambodia’s rice export volumes quadrupled in the first half of the year compared to the period 2010, according to statistics from the Ministry of Commerce’s Camcontrol Department.

High domestic average yields, rising international prices, and increased international recognition has led to the growth, Camcontrol statistics office Director Khoun Savuth said yesterday. Read more of this post

KOGID begins rice shipments to United Arab Emirates

KOGID Cambodia’s first rice shipments to the Middle East were part of an expansion into new markets and agricultural products, company officials said yesterday. 

The South Korean-owned firm this month sent 300 tonnes of rice to United Arab Emirates buyers, and planned to add Russia to its list of destinations next year, KOGID Cambodia sales and marketing manager Seng Sokhom said.

Increased demand from international markets had led to shipments to a wider array of markets such as the UAE, he said. Read more of this post

Price and export of corn rising

International demand for animal feed is pushing corn prices higher, fuelling the growth of the industry in western Cambodia.

Corn prices have increased by some 25 percent year on year, leading to an increase in land being planted, Battambang province farmers said. Read more of this post

Rice millers get first export orders from China

Cambodia’s largest rice exporters say they have begun securing their first orders from Chinese buyers, with shipments slated for later this year. 

Loran Import Export Company has secured contracts to export 240 tonnes of fragrant rice at US$890 in October, its President Lim Bun Heng said.

“Previously the company has never exported rice to China – only to European and African markets,” he said.

However, with its expanding population, he reckons China will become an important market for Cambodia’s rice exporters in the future.

“I think China will be a big market in the future, because this country has a large number of people, and increasing demand for rice,” he said. Read more of this post