Study says country unlikely to meet rice goal
Cambodia is unlikely to meet even half of its 2015 goal to export 1 million tons of milled rice unless export and production costs are greatly reduced and more private investment goes toward the agriculture sector, according to a new World Bank study obtained Monday. The study, which was completed in July and titled ‘A more detailed road map for Cambodian rice exports’, said Cambodia finds it hard to compete in the world rice market, as milling and transportation costs are double those in Vietnam and Thailand. The end result is that rice-importing countries such as Indonesia and the Philippines are less likely to buy from Cambodian producers…
