Rice federation seeking loan

12 November 2014
The Phnom Penh Post
Agricultural production / Agriculture and fishing / Banking and financial services / Economy and commerce / Rice
Cambodian Rice Federation / China’s Export-Import Bank / Ministry of Commerce / Ministry of Economy and Finance / Sok Puthyvuth

The Cambodian Rice Federation (CRF) is seeking financing from China’s Export-Import Bank (Ex-Im) to build much-needed infrastructure such as warehouses and drying facilities to hopefully increase milled rice export capacities. Sok Puthyvuth, president of the CRF told the Post yesterday that the CRF had set up a working group charged with studying Cambodia’s rice industry and preparing a proposal for the Chinese bank’s funds. ... In May, during the CRF’s presidential appointment, Puthyvuth said Cambodia’s rice industry needed more than $500 million in financial assistance for industrial development. ... Managing director of milled rice exporter Mekong Oryza Trading, Hun Lak said the industry was in urgent need of “hundreds of millions of dollars” to build the warehouses and silos needed to house Cambodia’s rice. ...

 May Kunmakara
http://phnompenhpost.com/business/rice-federation-seeking-loan