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Cambodia’s Rice Export To Reach 1-M tons In 2015

Posted by: : Paul EbelingPosted on: January 23, 2014 Cambodia's Rice Export To Reach 1-M tons In 2015

Cambodia’s Rice Export To Reach 1-M tons In 2015

Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting 1-M tons of milled rice in Y 2015.

“The country had exported more than 400,000 tons in Y 2013 and there is 2 yrs more toward the goal, so I do believe that the country can reach this target,” he said while witnessing a signing ceremony between the Amru Rice-Cambodia Compamy and South Korea’s Hanwha Corporation.

Under the agreement, the 2 companies would work together to export Cambodian Rice to South Korea and other Asian countries.

Cambodian fragrant Rice is well-known for its delicious flavor, Sun Chanthol said, adding that the Rice was awarded the world’s best rice for two consecutive years at the Global Rice Tasting Competitions held in Indonesia in Y 2012 and in Hong Kong, China in Y 2013.

With over 80% of the population being farmers, Cambodia produces about 9-M tons of paddy Rice a year. Apart from local consumption, the country has around 3-M tons of milled Rice left over for exports each year.

In August 2010, the country set its goal of exporting 1-M tons of milled Rice by Y 2015.

Currently, some 84 companies have been exporting Rice to 66 countries and regions around the globe, according to a government report. Major buyers of Cambodian Rice are France, Poland, Malaysia, the Netherlands and China.

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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