Paddy Rice Price Fluctuates
The price of paddy rice in Cambodia’s northwestern provinces jumped to 1,500 riel from 1,350 riel per kilogram in mid-October on a lack of supply, but quickly fell to 1,360 riel. Meanwhile, the prices in the Cambodia-Vietnam border provinces rose from 1,300 riel to 1,390 riel per kilogram, according to rice traders. … He [Sen Rith, president of Siem Reap Rice Milling Association] said the price of milled rice around the world is stable; but if the price of paddy in Cambodia is unstable, it is as a result of rice traders who inflate prices, causing a bubble. “If the price drops during harvesting season, and it is higher after that, it is the trader’s problem because prices in the world markets are stable,” he said. …
http://www.phnompenhpost.com/index.php/2012110659583/Business/paddy-rice-price-fluctuates.html
