More government support for the industry is needed, millers say. Milled-rice exporters have called on the government to continue its efforts in reducing electricity and transportation costs, two of the main obstacles facing the government’s goal of exporting 1 million tonnes of milled rice by 2015.At a working group on rice exports on Friday, 40 of the Kingdom’s millers and exporters looked to the government for more support on what they said is holding the industry back.
“As exporters, we definitely want to meet the government’s goal. But we can’t do it unless we try to work these issues out together,” chairman of both the working group and of Loran Import-Export Co Lim Bun Heng said at the meeting. High production costs in Cambodia, which included the costs of milling, put a burden on export markets, he said, adding that shipping cost per container were up to US$60 higher than neighbouring rice producers.Kim Savuth, managing director of Khmer Food, pointed to Electricite du Cambodge as a possible catalyst in reducing power prices.
Originally posted here:
Rice industry calls for help
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.
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…)
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
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