News

Prime Minister appeals to rice millers not to lower paddy prices

Prime Minister Hun Sen on Wednesday appealed to rice millers and paddy buyers not to lower prices and to secure better rates for farmers facing difficulties in the early harvest season. The Cambodian Rice Federation (CRF) said the low prices were due to an influx ...

Thou Vireak
https://www.phnompenhpost.com/business/prime-minister-appeals-rice-millers-not-lower-paddy-prices

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

Contract farming paying off for growers, millers, say industry insiders

Contract farming between community producers and rice millers or buyers brings growers great benefits, with an expanded market and more favourable prices, industry insiders have said. Contract farming refers to an agreement between a company and an agricultural community regarding prices, quantities and standards of quality. ...

Hin Pisei
https://www.phnompenhpost.com/business/contract-farming-paying-growers-millers-say-industry-insiders

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/

Erratic power supply irks millers

Rice millers in Battambang province are seeing red due to an erratic power supply affecting their production and causing them to lose money. ...

Sum Manet
http://www.khmertimeskh.com/5079872/erratic-power-supply-irks-millers/

Millers shun rice crisis loan fund

Rice millers have taken up less than a quarter of a $27 million emergency loan fund to stabilise prices of the grain, blaming late disbursement for the poor take up. ...

Sum Manet
http://www.khmertimeskh.com/news/37927/millers-shun-rice-crisis-loan-fund/

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

Second call for rice exports

The Ministry of Agriculture is calling on rice millers to apply for a second round of quality checks for exports to China after only 28 local rice mills, out of 60 which applied for inspection in the first round, passed last year. ...

May Kunmakara
http://www.khmertimeskh.com/news/35211/second-call-for-rice-exports/

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/

China okays Cambodia rice

Cambodian milled rice has passed quality and food hygiene tests for export to China. A delegation of Chinese experts inspected the quality and safety at 27 rice mills during a week-long visit, said Hean Vanhan, director-general of the agriculture department at the Agriculture Ministry. The result of ...

Chea Vannak
http://www.khmertimeskh.com/news/32940/china-okays-cambodia-rice/

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/

Low uptake of gov’t rice fund

The government’s much-heralded $27 million emergency rice fund, announced last month amid complaints from rice farmers and millers that cheap competition and low-storage capacity was driving down prices, has so far had only limited takers among rice millers. ...

Sok Chan
http://www.khmertimeskh.com/news/31195/low-uptake-of-gov---t-rice-fund/

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

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

Cash influx a band-aid for failing rice sector

As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on Thursday lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. ...

Janelle Retka and Kuch Naren
https://www.cambodiadaily.com/news/cash-influx-band-aid-failing-rice-sector-118340/

MFIs watch rice loans

The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...

May Kunmakara
http://www.khmertimeskh.com/news/30035/mfis-watch-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/

Prime minister seeks $300 million from china for rice sector

In the latest effort to mitigate the impact of plummeting rice prices, Prime Minister Hun Sen said on Monday that the government was seeking $300 million from China to boost the capacity of rice millers and provide funds to them for purchasing paddy from farmers. ...

Kuch Naren and Janelle Retka
https://www.cambodiadaily.com/news/prime-minister-seeks-300-million-china-rice-sector-118209/

Rice millers reined in

The Ministry of Agriculture has taken action to prevent millers from purchasing paddy rice at below market price from farmers, currently struggling to produce enough marketable rice crop to make ends meet. The ministry, in a statement issued on Monday, ordered all provincial agricultural departments to ...

Chea Vannak
http://www.khmertimeskh.com/news/29694/rice-millers-reined-in/

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