No sign of relief for rice industry
As the harvest season of Cambodia’s most important crop kicks off, a crisis is looming as both rice farmers and millers face crippling capital shortages and a promised industry lifeline has yet to materialise. Industry experts said yesterday that these small farmers desperate to pay their debt obligations have had no choice but to sell the harvested rice from their drought and flood-damaged fields at a loss. Meanwhile, millers unable to obtain bank finance are cutting back on purchases, pushing farm-gate prices even lower. …
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/no-sign-relief-rice-industry
