News

$80 million requested from RDB for upcoming harvests

The Cambodia Rice Federation (CRF) has requested the state-run Rural Development Bank of Cambodia (RDB), reserve an additional $30 million to purchase paddy from the Kingdom’s rice farmers during the upcoming harvest seasons. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50701110/80-million-requested-from-rdb-for-upcoming-harvests

New fund set to enhance SMEs’ access to finance

The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB). ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdom-china-fta-expected-november

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

Rice exports to China still under last year’s quota: CRF

China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...

Sok Chan
https://www.khmertimeskh.com/50664440/rice-exports-to-china-still-under-last-years-quota-crf/

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/

RDB to request an extra $50 million to beef up agriculture emergency fund

The Rural Development Bank (RDB), a state-own institution, plans to request an additional $50 million to beef up the government-led emergency fund for the agriculture sector, according to a bank representative. ...

Sok Chan
https://www.khmertimeskh.com/50523714/rdb-to-request-an-extra-50-million-to-beef-up-agriculture-emergency-fund/

Commerce Ministry intervenes to stop fall in rice price

The Ministry of Commerce is taking action to stop a drop in the price of white rice. Following reports of a fast decline in the price of the commodity, the Ministry of Commerce started working with local authorities to gather information in major rice-producing areas, ...

Sum Manet
https://www.khmertimeskh.com/50513263/commerce-ministry-intervenes-to-stop-fall-in-rice-price/

RDB projects rising rice loan demand for harvest

State-owned Rural Development Bank (RDB) projected that the demand for loans in the rice sector will increase this season, said CEO Kao Thach on Monday. He said while more rice facilities are ready for operation this year, there will be more demand for loans. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/rdb-projects-rising-rice-loan-demand-harvest

Rice silo and warehouse launched

A new set of warehouse and silo funded through a government-led loan scheme was inaugurated Friday in Kampong Speu province. Khmer Food Group has built a warehouse with a maximum capacity of 50,000 tonnes, as well as a silo that can process up to 1,500 ...

Sum Manet
https://www.khmertimeskh.com/50509532/rice-silo-and-warehouse-launched/

Facility for rice opens in Battambang

Cambodia’s first $15 million rice storage and drying facility made its official debut on Tuesday, while three other facilities are set to open later this week, according to insiders. The Battambang province–based rice storage facility, which is operated by Thanakea Srov (Kampuchea) Plc, received a ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/facility-rice-opens-battambang

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

Rice storage facilities ready next month

The rice storage facilities funded by the government under a lending scheme will be ready within a month, with sector insiders claiming they will be key in helping the ailing rice industry recover. The government has disbursed more than $30 million in loans to build silos, ...

Chea Vannak
http://www.khmertimeskh.com/50105719/rice-storage-facilities-ready-next-month/

RDB loans $30M to boost rice purchases

The government has provided $30 million in loans to rice millers since September to facilitate the purchase of paddy rice, with the head of a state-run bank saying more money was available if necessary. The loans were issued to 38 rice millers by the state-owned ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-loans-30m-boost-rice-purchases

China order lifts rice imports for 2017

Cambodian rice exports in 2017 increased 17 percent by volume compared to the year before, with exporters pushing to fill orders under China’s expanded import quota while shipments to European markets remained steady, according to Agriculture Ministry figures. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/china-order-lifts-rice-imports-2017

Battambang facility soon to start drying rice

A massive centralised rice drying facility in Battambang province being developed by Thaneakea Srov (Kampuchea) Plc will soon be operational, while its adjacent rice storage operations are on track to be completed early next year, the CEO of the company said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/battambang-facility-soon-start-drying-rice

Millers start to make use of $50M emergency rice fund

The government has already provided $9 million from its emergency rice loan fund to the Kingdom’s rice millers since the harvest season began in September, nearly triple the amount it provided when it first launched the initiative last year when millers showed little appetite for ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-start-make-use-50m-emergency-rice-fund

RDB closes bidding on rice storage facilities

The state-run Rural Development Bank (RDB) received a total of 10 proposals from Cambodian agricultural firms expressing interest in developing rice storage and drying facilities across three provinces using government-backed low-interest loans, a bank official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-closes-bidding-rice-storage-facilities

RDB making plans for rice processing facilities

The Rural Development Bank (RDB) is seeking proposals from registered Cambodian agricultural firms to develop rice storage warehouses and rice-drying facilities in Kampong Thom, Prey Veng and Takeo provinces, each with the capacity to store 50,000 tonnes of paddy rice and dry approximately 1,500 tonnes ...

Post Staff
http://www.phnompenhpost.com/business/rdb-making-plans-rice-processing-facilities

RDB unveils new identity

The state-owned Rural Development Bank on Monday announced it will rebrand as the Agriculture Development Bank within the next couple of years, offering a wider range of funds and banking services. ...

Sok Chan
http://www.khmertimeskh.com/5077255/rdb-unveils-new-identity/

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