Slow outlook for 2012 rice exports
Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between February and April, and have continued to rise, experts said. While logistics costs for regional rice producers have also increased on rising fuel prices, Cambodian rice reached Europe this month at a US$200 markup per shipping container over those from Thailand and Vietnam. …
