News

Terms settled on deal to supply rice to Bangladesh: CRF

Cambodia and Bangladesh have finalised terms on a massive rice deal that could see up to 1 million tonnes of rice purchased from the Kingdom over the next five years, with the first shipment due to begin by November, a source close to the deal ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/terms-settled-deal-supply-rice-bangladesh-crf

Government refutes claims over price of Bangladesh rice deal

Cambodian officials and members from the private sector have refuted international media reports that claim the price for rice exports to Bangladesh will be set at $453 a tonne as part of a government-to-government deal that hopes to see 250,000 tonnes of white rice exported ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/government-refutes-claims-over-price-bangladesh-rice-deal

Kingdom courts rice deal with Bangladesh

The Kingdom’s apex rice industry body has been meeting this week to discuss ways of nailing down a potentially massive deal with Bangladesh, which earlier this month inked a memorandum of understanding to purchase 1 million tonnes of Cambodian rice over the next five years. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/kingdom-courts-rice-deal-bangladesh

Rice deal cooking with Bangladesh

Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-deal-cooking-bangladesh

China’s appetite driving rice export growth as demand continues to outstrip supply

Cambodian rice exports increased marginally during the first half of the year as export companies push to fulfill higher quotas destined for China. Rice exports totalled 288,562 tonnes in the first six months of the year, an increase of 7.6 percent compared to the same time ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/chinas-appetite-driving-rice-export-growth-demand-continues-outstrip-supply

Study on how to boost rice storage

A feasibility study into the possibility of establishing a series of warehouses and kiln for rice farmers is exploring how to improve the quality of storage in the industry. ...

Chea Vannak
http://www.khmertimeskh.com/news/39870/study-on-how-to-boost-rice-storage/

Rice millers balk at export fees

Numerous members of the Cambodia Rice Federation (CRF), the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-millers-balk-export-fees

Millers push for China access

Amid concerns that the European Union could reject shipments of Cambodian rice, exporters are pushing for more access to China as an alternative market for the Kingdom’s principal agricultural commodity. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-push-china-access

Checks for rice exporters

More than 40 rice millers have applied for quality checks to allow for export to China but most have not yet reached a high enough standard, the Agriculture Ministry said. ...

Chea Vannak
http://www.khmertimeskh.com/news/36362/checks-for-rice-exporters/

Few takers for emergency rice loans

With the Kingdom’s main rice harvesting season wrapping up, just a fraction of a government emergency loan package that aimed at giving millers the liquidity they needed to purchase rice paddy duringthe harvest cycle has been disbursed, leaving the government and private sector divided on ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/few-takers-emergency-rice-loans

26 millers pass China test

Two rice millers, which had passed initial inspections, were deemed ineligible to export rice to China after failing quality and food hygiene tests applied by Chinese experts. ...

Chea Vannak
http://www.khmertimeskh.com/news/34060/26-millers-pass-china-test/

Cambodia’s rice exports fall sharply

Cambodia’s milled rice exports only grew by a dismal 0.7 percent last year compared with 2015 and this was the lowest since 2014, according to government figures released yesterday. “Last year Cambodia only exported 542,144 tons of milled rice and the lowest exports were in the ...

Chea Vannak
http://www.khmertimeskh.com/news/33963/cambodia---s-rice-exports-fall-sharply/

Rice export firms get go ahead

Eighteen local rice export companies are now eligible to carry out milled rice exports to China starting from next month, according to an announcement released on Monday by the Cambodia Rice Federation (CRF). The announcement added that the CRF and the Green Trade Company – under ...

Sok Chan
http://www.khmertimeskh.com/news/33377/rice-export-firms-get-go-ahead/

Experts push for agricultural insurance

Experts are pushing for agricultural insurance to be employed in the near future to help strengthen the agriculture sector, particularly the rice sector with its plummeting prices and limited access to foreign markets. Sok Puthyvuth, president of the Cambodia Rice Federation (CRF), said on Friday that ...

Chea Vannak
http://www.khmertimeskh.com/news/32993/experts-push-for-agricultural-insurance/

NBC, CRF offer rice loan support

In an effort to help small and medium-sized rice millers and exporters that are presently unable to provide suitable collateral to qualify for the government’s emergency $27 million rice loan, the National Bank of Cambodia (NBC) has joined with the Cambodia Rice Federation (CRF) to ...

May Kunmakara
http://www.khmertimeskh.com/news/31307/nbc--crf-offer-rice-loan-support/

Gov’t eyes million-tonne rice quota deal with Indonesia

Cambodia is close to signing an ambitious agreement with the Indonesian government that would pave the way for the Kingdom’s rice producers to export 1 million tonnes of rice under a new quota scheme, a state official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/govt-eyes-million-tonne-rice-quota-deal-indonesia

Cambodia eyes rice crown

Cambodia’s three-year reign as holder of the World’s Best Rice Award came to an end last year, but the Cambodia Rice Federation (CRF) is confident it will regain the title at next month’s ceremony in Thailand. CRF Secretary-General Moul Sarith told Khmer Times yesterday that they ...

Sok Chan
http://www.khmertimeskh.com/news/30901/cambodia-eyes-rice-crown/

Loans trickle out to rice millers

Three weeks since Prime Minister Hun Sen approved $27 million in emergency loans to prop up the struggling rice sector, the state-owned bank charged with disbursing the funds said yesterday that it has only granted $1 million in loans, claiming that the number of eligible ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/loans-trickle-out-rice-millers

Xi’s visit to boost farm exports

Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday.​ Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...

Chea Vannak
http://www.khmertimeskh.com/news/30521/xi---s-visit-to-boost-farm-exports/

CRF wants to track rice loans

The Cambodia Rice Federation (CRF) has submitted a proposal to the government for the setting up of a joint executive financial committee to ensure that the $27 million emergency loan to rice millers to purchase paddy rice from farmers, in a bid to prevent rice ...

Sok Chan
http://www.khmertimeskh.com/news/30381/crf-wants-to-track-rice-loans/

Rice millers can now get $20 mil

Rice millers in the country will now be able to access the government’s promised emergency loan of $20 million to purchase paddy rice from farmers in a bid to prevent rice prices from falling further, the Rural Development Bank (RDB) announced yesterday. Rural Development Bank CEO ...

Sok Chan
http://www.khmertimeskh.com/news/29939/rice-millers--can-now--get--20-mil/

No sign of relief for rice industry

As the harvest season of Cambodia’s most important crop kicks off, a crisis is looming as both rice farmers and millers face crippling capital shortages and a promised industry lifeline has yet to materialise. Industry experts said yesterday that these small farmers desperate to pay their ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/no-sign-relief-rice-industry

Rice harvest soon but still no help

With less than three months to the rice harvesting season in November, panic has now set in among rice millers and producers who feel less confident as the days go by that they will be bailed out by government emergency loans ‒ to help them ...

Chea Vannak
http://www.khmertimeskh.com/news/29597/rice-harvest-soon-but-still-no-help/

Rice bound for Indonesia?

The Cambodia Rice Federation (CRF) hopes to export around 200,000 tons of milled rice a year to Indonesia, which is one of the biggest rice markets in Asean. This comes after the CRF announced late last month that it will not join the bid to ...

Chea Vannak
http://www.khmertimeskh.com/news/29485/rice-bound-for-indonesia-/

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