Rice

Cambodia does not expect to win the contract to supply half million tons of rice to the Philippines during the bidding process that will take place in the upcoming months, citing high production costs as the major constraint in competing with neighboring Vietnam and Thailand, ...

The government decided to drop a 10 percent value added-tax (VAT) for rice products during a meeting on Wednesday between representatives of the rice sector and government officials at the Council for the Development of Cambodia in Phnom Penh, officials said.   ...

The newly established special industry committee to deal with the crisis confronting the rice sector will meet Deputy Prime Minister Keat Chhon today to discuss urgent solutions to the problems they face. ...

Thirteen provinces across the country have finished harvesting their dry season rice and yields have increased on last year’s crop, but local millers and exporters are concerned about the bulk of the crop making its way to a neighboring country.   ...

The Commerce Ministry has created a special taskforce to study challenges threatening the sustainability of the nation’s rice industry and will report its findings within two weeks, a ministry official said yesterday. ...

The Cambodia Rice Federation (CRF) on Thursday met with the Ministry of Commerce to discuss policies for strengthening the country’s ailing rice industry, and unveiled a plan to develop a price-support mechanism to guarantee Cambodia’s rice export price, officials said. ...

A week after an alliance of millers and exporters criticized the Cambodia Rice Federation (CRF) for its inaction in the face of the sector’s possible collapse, the federation Wednesday announced the formation of a new task force to manage challenges facing its members. ...

Responding to criticism, Cambodia’s apex rice industry body announced yesterday that it would submit a plan to Prime Minister Hun Sen that addresses two of the major challenges facing the Kingdom’s rice sector – competition from rice imports and access to finance for millers. ...

The president of the Cambodia Rice Federation (CRF) has asked the government for an emergency loan of $20 million to $30 million, saying it is necessary to prevent the collapse of the rice sector. ...

Local rice millers and exporters have responded with alarm to the rice-export target set by the Lao government of 1 million tons this year, while Cambodian rice millers and traders have yet to overcome numerous barriers hindering their competitiveness at home and abroad. ...

The Cambodia Rice Federation (CRF) will work closely with the government to curb Vietnamese rice imports flooding the domestic market and channel more lending to domestic millers so that they can compete with rivals in neighboring countries, it said yesterday in a statement. ...

About half of the country’s rice millers and exporters went out of business last year and those clinging on are likely to follow suit within two years unless the government injects capital into the sector and takes measures to curb the flood of imported rice ...

The falling price of rice in Asia due to the slowing global economy and intensifying regional competition is taking a toll on Cambodian exporters and farmers even though exports jumped more than 20 percent last month compared to January last year, executives said. ...

Although over half of its rice exports were to China last year, it remains a highly competitive market amongst other rice exporters, namely Thailand, Pakistan, and Cambodia, said Bui Huy Hoang, Vietnam’s commercial counselor in China. ...

The Cambodia Rice Federation yesterday raised fresh concerns about the EU-Vietnam Free Trade Agreement (FTA), after an online rice-industry portal said the deal will scrap import duties on about 80,000 tons of rice from Vietnam per year and that this could start this year. ...

Cambodian rice exports are finding new markets and rising demand in ASEAN this year, but officials and exporters are not linking this to the ASEAN Economic Community (AEC), saying it was too early to tell what impact the regional trade bloc – which took effect ...

Cambodian trade officials are urging their Chinese counterparts to boost imports of Cambodian rubber, cassava, sugar and pepper to narrow the trade imbalance between the two countries, officials said after a meeting last week. ...

At the close of the three-day annual Cambodia Rice Forum, Commerce Minister Sun Chanthol on Tuesday suggested that the first-rate rice brand set to be launched on the international market this year be marketed as “Extra Premium” jasmine rice. ...

Prime Minister Hun Sen is pushing government institutions and businesses to improve the country’s rice production. Investment is required in machinery and warehouses to dry and store rice for export, something Cambodia is discussing with China, Hun Sen said. ...

Cambodia’s rice industry faces a ple­thora of challenges—both internal and external—that have led to low prices and prevented ex­porters from achieving a lofty tonnage target set by the government in 2010, Prime Minister Hun­ Sen said on Monday. ...

A farmer from Battambang province took this year’s honor of growing the country’s top rice paddy on Sunday as industry heavyweights gathered in Phnom Penh for the first of the three-day Cambodia Rice Forum. ...

Five years after setting out an ambitious 1 million-tonne milled rice export target, the rice sector fell well short of the mark last year, exporting close to 550,000 tonnes, with industry experts cautiously optimistic over export increases in 2016. ...

The Ministry of Commerce announced last week a $400 million proposal by three Chinese firms to build state-run rice warehousing facilities to increase the Kingdom’s storage capacity. ...

Cambodian rice millers and exporters are increasingly eyeing the export of organic rice to the European Union and the United States, after shipments of this niche product increased this year. ...