News

Rice storage facilities nearly ready for next harvest season

Three new rice storage and drying facilities will be ready in July for the upcoming harvest season and will boost the sector’s capacity and export potential, even as the Ministry of Agriculture claimed the sector still needs more storage space to meet demand. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/rice-storage-facilities-nearly-ready-next-harvest-season

Bangladesh signs big rice deal

Two weeks after Bangladesh and Cambodia signed a memorandum of understanding (MoU) in Phnom Penh to purchase rice from Cambodia, on Monday of this week Bangladesh signed a deal to buy 250,000 tonnes of milled rice from Cambodia. ...

Sok Chan
http://www.khmertimeskh.com/5078380/bangladesh-signs-big-rice-deal/

Proposed rice storage facility to boost capacity

A proposal for a massive warehouse and silo that has attracted two Chinese investors aims to fill the Kingdom’s conspicuous gap in paddy rice storage capacity, which still falls 60 percent short of the level needed for the country to achieve its goal of 1 ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/proposed-rice-storage-facility-boost-capacity

Decline in transfers linked to rice prices

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/decline-transfers-linked-rice-prices

Chamber of commerce expands

A new sub-decree to allow the Cambodia Chamber of Commerce to represent the business sector overseas, will come into force next year after Prime Minister Hun Sen signs the draft into law soon, according to a Commerce Ministry official. Soeng Sophary, the ministry’s spokesperson, said the ...

Sok Chan
http://www.khmertimeskh.com/news/33044/chamber-of-commerce-expands/

Cambodia asks East Timor to import rice, sugar

Cambodia is seeking to export milled rice and sugar to East Timor, according to the Ministry of Commerce, with experts saying it will expand markets for the Kingdom’s agricultural products. ...

Chea Vannak
http://www.khmertimeskh.com/news/28511/cambodia-asks-east-timor-to-import-rice--sugar/

Chinese to check Cambodian rice

Officials from China will arrive in Cambodia soon to audit and evaluate rice producing companies and to check warehouses. ...

Sok Chan
http://www.khmertimeskh.com/news/24664/chinese-to-check-cambodian-rice/

Cambodia to pass on Philippines’ rice tender

State-owned agriculture company Green Trade said yesterday that it will not participate in the latest Philippine government’s rice auction as Cambodia’s rice cannot compete on price with neighbouring Thailand and Vietnam. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodia-pass-philippines-rice-tender

Gov’t requests Chinese funding for rice warehouses

In a bid to stock 1.2 million tonnes of rice paddy, Cambodia has sent a draft memorandum of understanding to China asking the country for a $300 million loan to build more than 10 warehouses nationwide. The draft MoU was prepared by the Ministry of Economy ...

Hor Kimsay
http://www.phnompenhpost.com/business/govt-requests-chinese-funding-rice-warehouses

Stocking up for the low season

Three months after it began buying up rice stock, the Cambodia Rice Bank (CRB) has acquired about 20,000 tonnes of paddy and 7,000 tonnes of milled rice, a representative from the bank said on Friday. According to Phou Puy, chairman and CEO of the CRB, the ...

Hor Kimsay
http://www.phnompenhpost.com/business/stocking-low-season

Fragrant rice of Cambodia, Thailand awarded world's best rice for 2014

Fragrant rice from Cambodia and Thailand was awarded the world’s best rice for 2014 during the 6th World Rice Conference here on Thursday. Jeremy Zwinger, president and chief executive officer of the Rice Trader, which organized the competition, said 25 rice samples from 15 countries and ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-11/20/c_133802886.htm

Global rice traders in Cambodia to explore business opportunities

Some 300 rice traders and millers from around 40 countries met here on Wednesday to seek opportunities to expand their rice businesses, officials said. Speaking at the opening ceremony of the World Rice Conference, Commerce Minister Sun Chanthol said the conference was an opportunity for Cambodia ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141119/global-rice-traders-cambodia-explore-business-opportunities

Cambodia rice industry fears, cheers Thai policy

The Thai government’s move to stabilise rice prices for the 2014 harvest season has prompted mixed reactions from local rice industry representatives. Sok Puthyvuth, president of the Cambodia Rice Federation said yesterday the policy would impact Cambodia negatively when Thailand is forced to sell ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-rice-industry-fears-cheers-thai-policy

Cambodia to host rice event

After winning the World’s Best Rice Award for two years running at the World Rice Conference, Cambodia has been selected to host this year’s annual event. The World Rice Conference is a networking event that brings together rice industry professionals from all over the world. Initiated ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-host-rice-event

Cambodia rice exporters hope to clinch philippines rice import deal

Cambodian rice exporters are keen on winning the Philippines government’s latest rice import tender for 500,000 tons of 25% broken white rice slated for August 27, 2014, according to local sources. ...

Oryza News Staff
http://www.oryza.com/news/rice-news/cambodia-rice-exporters-hope-clinch-philippines-rice-import-deal

Cambodia ready for rice bid

Cambodia will join the bidding for the Philippine government’s latest rice import offer, a senior rice industry official says. The Philippine government’s National Food Authority (NFA) last week authorised the import of 500,000 tonnes of rice to the country. The bidding process, which is looking for the ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-ready-rice-bid

China pledges to buy 100,000 tons of rice from Cambodia

A Chinese company is preparing a memorandum of understanding with Ministry of Commerce (MOC) pledging to buy 100,000 tons of rice from Cambodia, according to Sun Chanthol, Minister of Commerce. The intention was made clear during a meeting between the Minister of Commerce and Song Xiaoguo, ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTA3MzBlMTE0MTY

Deadlock end lifts business spirits

Cambodia’s business community welcomed the news yesterday that the county’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. The ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party yesterday struck a deal ...

Eddie Morton and Daniel de Carteret
http://phnompenhpost.com/business/deadlock-end-lifts-business-spirits

Italy millers slam ‘unfair’ EBA

Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...

Daniel de Carteret
http://www.phnompenhpost.com/business/italy-millers-slam-%E2%80%98unfair%E2%80%99-eba

Rice export target a big task

The pace of Cambodia’s rice exports are expected to slow this year. Unable to maintain the steady rate of previous years, the export volume for the first half of 2014 is much the same as it was this time last year. At the end of June, ...

Hor Kimsay
http://www.phnompenhpost.com/business/rice-export-target-big-task

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