Rice

Some of Cambodia’s biggest exporters have experienced a sizeable decline in milled-rice shipments this month, with one insider putting the number as high as 40 per cent year-on-year. The waning figure stands in stark contrast to last year’s milled-rice export numbers, which increased about 22 per ...

The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...

Asia Golden Rice (AGR), Thailand’s second-largest rice exporter, will invest $47 million to build milling plants in Cambodia capable of processing up to 1 million tons of rice per year, according to a company representative and reports from the Thai news media yesterday. “This will be ...

A nationwide survey was under way by the Ministry of Commerce’s Rice Exporter Union to measure Cambodia’s milled-rice industry in order to give international buyers an accurate picture of the Kingdom’s current capacity, insiders said yesterday. Although data for the survey was still being collected, those ...

Cambodia needs at least another $120 million of investment in rice mills if it is to meet the government’s 2015 target of exporting 1 million tons of rice, Agriculture Minister Chan Sarun said yesterday. While rice exports from Cambodia this year have seen a significant increase ...

Cambodia’s total paddy rice output reached 8.4 million tonnes in 2011, up from 8.25 million tonnes last year, according an initial assessment by the Ministry of Agriculture, Forestry and Fisheries. Provincial MAFF officials from across the Kingdom met in Phnom Penh on Saturday, when data was ...

Damage to Cambodia’s rice crop from widespread flooding earlier this year will likely cause economic growth to fall below 6 percent, according to the International Monetary Fund (IMF), which yesterday offered the lowest gross domestic product (GDP) prediction so far In a statement, the IMF chose ...

Exports from Cambodia increased 32.9 percent to $3.7 billion during the first ten months of this year compared to the same period in 2010, according to data released by the Ministry of Commerce yesterday. Milled rice exports saw the biggest increase with a 161.5 percent jump ...

The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30. Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC ...

As the harvest of the wet season rice crop gets under way in many parts of the country, rice prices have started to increase, rice millers said yesterday. They said prices were now up about 15 percent compared to the same time last year, but ...

Prime Minister Hun Sen Mnounced yesterday that the government would create a one-stop service office for rice millers and exporters in order to reduce red tape and help the country reach its lofty export target of a million tons of milled rice by 2015. “We cannot ...

A Japan energy company yesterday said it planned to build a rice mill fuelled by rice husks in Cambodia’s Takeo province. New Energy and Industrial Technology Development Organization yesterday signed a memorandum of understanding with the Kingdom’s Ministry of Industry, Mines and Energy (MIME) confirming cooperation ...

Two Cambodian banks have set aside US$200 million for loans to bolster the Kingdom’s struggling rice-milling industry, officials said yesterday. The move comes as the Cambodian government has called on the private sector to boost loans to rice millers during the harvest season as a way ...

Devastating floods as well as the economic slowdown in Europe and the US have prompted the World Bank to lower its outlook for Cambodia’s economic growth this year to 6 percent, down from a previous projection of 6.8 percent. In its economic update for the region ...

All families evacuated during the worst floods Cambodia has seen in more than a decade have now returned home, the floodwaters have receded and relief efforts are coming to a close, officials said yesterday. Two hundred and fifty people, at least half of them children, died ...

Cambodia’s milled rice exports increased by more than seven per cent year-on-year during the first 10 months of 2011, while international demand for the grain drove up rice prices by nearly 200 per cent, commerce officials said. The Kingdom exported more than 136,000 tonnes of milled ...

Cambodian rice trader TTY Corporation has said the Kingdom cannot meet a new 200,000-tonne export quota for shipping high-quality rice to China. State-owned Sinograin’s order for three varieties of milled fragrant rice was a deviation from an agreement struck with TTY in August, TTY deputy director-general ...

As part of a continuing push to bolster rice exports, the government has agreed to waive all export tariffs on milled rice and will also eliminate value-added tax (VAT) on paddy rice purchased domestically. According to a promulgation signed last month by Finance Minister Keat Chhon, ...

The Center for Study and Development of Agriculture (Cedac) is calling on the government and microfinance firms to issue low-interest loans for flood-stricken farmers in order to save this year’s dry season rice harvest. Floods have destroyed 10 percent of the rainy season rice crop and ...

While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...

Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...