Connect with us

Cambodia

Cambodia may find new rice market in the Philippines

Low international rice prices have further stymied Cambodia’s milled-rice exports, millers reported yesterday, but large orders – reportedly the first ever – from the Philippines have encouraged at least one of the Kingdom’s biggest rice exporters.

Published

on

Low international rice prices have further stymied Cambodia’s milled-rice exports, millers reported yesterday, but large orders – reportedly the first ever – from the Philippines have encouraged at least one of the Kingdom’s biggest rice exporters. Mega Green Imex Cambodia this year to date has received orders for 50,000 tonnes of milled rice from the Philippines, Managing Director Outh Renne said yesterday.

That’s 13,000 tonnes more than Mega Green’s total orders from the European Union last year, he said.The orders, the first ever from the Philippines and during a time when Cambodian rice prices are higher than other regional exporters, represented a shift in Cambodian rice trade from Western markets to buyers in its own backyard, Outh Renne said.“Cambodia should understand that the biggest market for rice is in the Philippines and Indonesia,” he said, adding that the government-brokered deal was an attempt on the part of the Philippines’ National Food Authority to diversify its imports.

Cambodia may find new rice market in the PhilippinesCambodia exported about 173,000 tonnes of milled-rice last year, a 226 per cent increase on the year before, according to Ministry of Commerce figures. The majority of the shipments went to the European Union.The Philippines and Indonesia are expected to import an annual 4 million tonnes of rice a piece, Outh Renne said, markets well suited for the 1 million-tonne export goal Prime Minister Hun Sen set for milled rice in 2010.

 

Excerpt from:
Cambodia may find new rice market in Manila

Asean

CLMV economies Outlook by EIC Q1/2021

Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.

Published

on

The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.

(more…)
Continue Reading

Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

Published

on

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,159 other subscribers

Wise

Recent