News

RDB set to distribute $50M to rice millers to sustain paddy market

The state-owned Rural Development Bank (RDB) has announced that it will distribute $50 million in loans to private rice millers to sustain the paddy market for farmers. The Cambodia Rice Federation (CRF) said the funds will be used to purchase nearly 300,000 tonnes of paddy ...

Thou Vireak
https://www.phnompenhpost.com/business/rdb-set-distribute-50m-rice-millers-sustain-paddy-market

CRF: $200M in emergency loans needed for rice sector

The Cambodia Rice Federation (CRF) has asked the state-owned Rural Development Bank (RDB) to provide $200 million in emergency loans to buy paddy from farmers during the ongoing post-monsoon harvest season as falling prices threaten their livelihoods. ...

Thou Vireak
https://www.phnompenhpost.com/business/crf-200m-emergency-loans-needed-rice-sector

Kingdom’s rice sector faces lack of capital

A lack of working capital has remained a challenge for the Kingdom’s rice industry and has impeded rice export growth for years, industry insiders said. The comments were made at a meeting between the state-owned Rural Development Bank (RDB) and the Cambodia Rice Federation (CRF) on ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-sector-faces-lack-capital

China a market for fragrant rice

Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...

Hin Pisei
https://www.phnompenhpost.com/business/china-market-fragrant-rice

Kingdom will export one million tonnes of rice by 2022, says CRF

The Cambodia Rice Federation (CRF) has committed to raising the Kingdom’s rice exports to one million tonnes by 2022, its president Song Saran said on Wednesday. The comment was made at the Strategic Plan 2020-2023 Consultation Workshop, which was attended by CRF members, ministry representatives, ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdom-will-export-one-million-tonnes-rice-2022-says-crf

Kingdom’s rice exports rise 2%

Cambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation (CRF) report said. Rice exports to China increased more than 44 per cent, the report said, while exports to the ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-exports-rise-2

RDB opens new round of ‘emergency’ loans

With the rice harvest season beginning soon, state-owned Rural Development Bank (RDB) has started disbursing loans to local rice millers under its emergency fund, according to a high-ranking official.​ ...

Chea Vannak
https://www.khmertimeskh.com/50643674/rdb-opens-new-round-of-emergency-loans/

Cambodia seeks to export rice to Africa through Korean firms

Cambodia plans to export rice to African markets through South Korean companies, as its EU market share showed signs of drop in the first half of this year. In addition to the Chinese market, the Cambodia Rice Federation (CRF) expects exports to Africa to help ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-seeks-export-rice-africa-through-korean-firms

CRF awaits response from EU

The European Court of Justice has yet to make a pronouncement regarding a lawsuit filed by the Cambodia Rice Federation in April against the European Union’s decision to impose tariffs on Cambodian Indica rice. The information was revealed during a CRF meeting Friday chaired by president ...

Chea Vannak
https://www.khmertimeskh.com/50612498/crf-awaits-response-from-eu/

Despite loss of duty-free status, Kingdom’s rice exports see 6% increase

Despite losing its duty-free export status in the EU, the Kingdom’s rice exports saw a six per cent increase in the first quarter of this year compared to the same period last year, according to figures released by the Secretariat of One Window Service for ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/despite-loss-duty-free-status-kingdoms-rice-exports-see-6-increase

PM seeks overseas markets for Kingdom’s agricultural products

Speaking at the closing ceremony of 2018-2019 Agriculture, Forestry and Fisheries Annual Result Review Meeting, Prime Minister Hun Sen said Cambodia’s agricultural sector is showing progress, with it producing nearly six million tonnes of paddy, which can be processed into four million tonnes of milled ...

Hin Pisei
https://www.phnompenhpost.com/business/pm-seeks-overseas-markets-kingdoms-agricultural-products

Cambodia’s agriculture sector must supply own raw materials

Agricultural sector insiders said relying on neighbouring markets to source raw materials for Cambodia’s agriculture products is a short-term strategy that needs to be managed. During a discussion, last week with Vu Quang Minh, Vietnamese ambassador to Cambodia, Minister of Agriculture, Forestry and Fisheries Veng ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodias-agriculture-sector-must-supply-own-raw-materials

China increases rice import quota

Four days after the EU imposed tariffs on rice imported from Cambodia, China agreed on Monday to increase its import quota for Cambodian rice to 400,000 tonnes this year from the previous 300,000 tonnes. If Cambodia can supply the quantity under the new Chinese quota, ...

Hor Kimsay
https://www.phnompenhpost.com/business/china-increases-rice-import-quota

Tariff-free through EU loophole?

Cambodians may be able to market rice in the EU tariff-free if they sell the semi-processed grain to European millers instead of finished products to end consumers, as the former is still subject to a zero tax rate, said an exporter. ...

Hor Kimsay
https://www.phnompenhpost.com/business/tariff-free-through-eu-loophole

Cambodian rice to lose EU duty-free status

The Cambodian rice sector is set to lose its duty-free export status to the EU today – its major rice market – after the European bloc decided to impose tariffs on rice from Cambodia and Myanmar to curb a surge in such imports. ...

Hor Kimsay
https://www.phnompenhpost.com/business/cambodian-rice-lose-eu-duty-free-status

Kingdom’s rice exports down 1.5%

The Kingdom’s rice exports saw a 1.5 per cent drop last year compared to 2017 due to the industry’s lingering challenges – the cost of production and competition with the international market. Ministry of Agriculture, Forestry and Fisheries figures show that the country exported 626,225 ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/kingdoms-rice-exports-down-15

Increase in rice facilities boosts price of Kingdom’s paddy rice

As a result of more rice facilities constantly being installed, the price of paddy rice for the 2018-2019 season was between 900 riel and 1,300 riel ($0.22 and $0.32) per kg, an increase on the previous season, according to industry insiders. Cambodia Rice Federation vice-president ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/increase-rice-facilities-boosts-price-kingdoms-paddy-rice

Chinese to invest in Kingdom’s rice

China’s Henan Yuguang International Economic and Technical Cooperation Co Ltd (HYIETC) has expressed interest in investing in the Kingdom’s rice facilities – a move welcomed by the government and the rice industry.​ ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/chinese-invest-kingdoms-rice

Positive sign in EU rice tariff saga

The European Union yesterday failed to come to a consensus on taxing Cambodia fragrant and white rice, giving leaders of the local rice sector more time to plan the next step in their fight to stop the EU from imposing tariffs. ...

Sok Chan and Sangeetha Amarthalingam
https://www.khmertimeskh.com/50556403/positive-sign-in-eu-rice-tariff-saga/

Cambodia faces ‘negative impacts’ if EBA suspended

The European Chamber of Commerce in Cambodia (EuroCham) expressed its “serious concerns” on Monday over the “long-term negative impacts” of the EU removing the Kingdom’s access to the preferential Everything But Arms (EBA} agreement. It also expressed “hope that a dialogue can be implemented to ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/cambodia-faces-negative-impacts-if-eba-suspended

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