News

Cambodia’s beleaguered rice millers can now breathe a sigh of relief after a tumultuous three months in what seemed to be government ineptitude in disbursing an emergency loan of $30 million to prevent them from becoming insolvent. In June, the Cambodia Rice Federation (CRF) announced that ...

Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products. ...

The Cambodia Rice Federation (CRF) and the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday agreed to create provincial level committees to provide emergency relief to the Kingdom’s beleaguered rice sector, currently in crisis due to falling exports. ...

The Ministry of Commerce set up a new taskforce on Friday to address challenges faced by the Kingdom’s struggling rice industry and assess demands made by members of the Cambodia Rice Federation (CRF), who have decried the ineffectiveness of an earlier taskforce set up by ...

There seems to be no definite period of when a $300 million loan from the Chinese government, to build large silos to store rice for milling, will be disbursed to the Cambodian government. ...

The specter of insolvency looms large over the businesses of rice millers in the Kingdom as the government drags its foot in providing emergency loans to bail out the sector, currently reeling from the aftereffects of a severe drought and facing stiff competition from low-grade ...

Cambodia’s rice industry has been advised by the European Union (EU) to seek other markets and not just concentrate its exports to Europe, as it moves from a low-income country in its least developed country (LDC) status to a lower-middle income nation, amid calls to ...

The National Standards Council (NSC) has endorsed the Phka Romduol and Phka Chansensor varieties to be the Kingdom’s own umbrella brands for fragrant and premium rice, rejecting the Cambodian Rice Federation’s “Angkor Malis” brand name. ...

The government has come to the rescue of rice millers and exporters, currently in the throes of a serious financial crisis, with loans of between $20 and $30 million to the Cambodia Rice Federation (CRF). This is to help the sector purchase rice from farmers ...

The Kingdom’s rice exports to the European Union (EU), which now enjoy duty and quota free access, could be threatened if the regional grouping agrees to Italy’s request to limit rice imports from least developed countries (LDCs). Italy is Europe’s top premium rice producer and ...

Elections are due in the Cambodia Rice Federation (CRF) for the second term of its president and council of board members. The elections come at a crucial time as the government considers an emergency loan request from the CRF to help protect the rice sector ...

The Cambodia Rice Federation (CRF) yesterday called on local rice millers, exporters, farmers, development partners and the Ministry of Agriculture to work together to promote contract farming to ensure the sustainable development of the rice industry of the country. ...

Thailand’s plans to sell off 11.4 million tons of its rice stockpile over the next two months is concerning Cambodia, which fears the sale will drive global prices down as the Kingdom struggles to meet its own export target. ...

The government took steps to shore up the rice sector yesterday, saying it would remove the current value added tax [VAT] on milling machines in the country and shut down companies importing rice from neighboring countries and rebranding it as Cambodian during an emergency meeting ...

The government decided to drop a 10 percent value added-tax (VAT) for rice products during a meeting on Wednesday between representatives of the rice sector and government officials at the Council for the Development of Cambodia in Phnom Penh, officials said.   ...

The Cambodia Rice Federation (CRF) on Thursday met with the Ministry of Commerce to discuss policies for strengthening the country’s ailing rice industry, and unveiled a plan to develop a price-support mechanism to guarantee Cambodia’s rice export price, officials said. ...

A week after an alliance of millers and exporters criticized the Cambodia Rice Federation (CRF) for its inaction in the face of the sector’s possible collapse, the federation Wednesday announced the formation of a new task force to manage challenges facing its members. ...

The president of the Cambodia Rice Federation (CRF) has asked the government for an emergency loan of $20 million to $30 million, saying it is necessary to prevent the collapse of the rice sector. ...

The Cambodia Rice Federation (CRF) will work closely with the government to curb Vietnamese rice imports flooding the domestic market and channel more lending to domestic millers so that they can compete with rivals in neighboring countries, it said yesterday in a statement. ...

About half of the country’s rice millers and exporters went out of business last year and those clinging on are likely to follow suit within two years unless the government injects capital into the sector and takes measures to curb the flood of imported rice ...

The Cambodia Rice Federation yesterday raised fresh concerns about the EU-Vietnam Free Trade Agreement (FTA), after an online rice-industry portal said the deal will scrap import duties on about 80,000 tons of rice from Vietnam per year and that this could start this year. ...

Prime Minister Hun Sen is pushing government institutions and businesses to improve the country’s rice production. Investment is required in machinery and warehouses to dry and store rice for export, something Cambodia is discussing with China, Hun Sen said. ...

A farmer from Battambang province took this year’s honor of growing the country’s top rice paddy on Sunday as industry heavyweights gathered in Phnom Penh for the first of the three-day Cambodia Rice Forum. ...

Five years after setting out an ambitious 1 million-tonne milled rice export target, the rice sector fell well short of the mark last year, exporting close to 550,000 tonnes, with industry experts cautiously optimistic over export increases in 2016. ...