Rice bank buys direct to control prices
The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to stop selling fragrant paddy rice to millers at below market price, according to a statement released yesterday. “The Cambodia Rice Bank will purchase harvested fragrant paddy rice directly from farmers, at their farms, for 840 riel a kilogram. However, if the farmers bring the rice directly to the CRB’s location in Battambang they will be paid 900 riel (22.5 cents) a kilogram,” said the CRB statement. …
Sok Chan
http://www.khmertimeskh.com/news/29842/rice-bank-buys-direct-to-control-prices/
