Connect with us
CGIF-10th-Year-Anniversary

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.

Avatar

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

Comments

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

Avatar

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

Cambodia

Cambodia’s aid and investment affair with China

China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.

East Asia Forum

Published

on

The debate about China’s rapidly growing global investment and development financing footprint has focused on deciphering Chinese intentions — whether China aims to revise or maintain the US-led ‘liberal international order’.

(more…)
Continue Reading

Cambodia

Thailand pushes CLMVT as the “New Value Chain Hub of Asia”

The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand

National News Bureau of Thailand

Published

on

BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

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

Join 13,493 other subscribers

Trending