PhnomPenhPost-Nov 9, 2023
Cambodia has garnered over $1.2 billion from exporting milled and paddy rice to 59 destinations, predominantly in China, the EU and ASEAN nations, despite a regional and global economic deceleration. The industrial sector suggests a continued surge in food demand, according to the Kingdom’s apex rice group. The Cambodia Rice Federation (CRF) reported on November 9 that 76% of the annual target of 700,000 tons of rice had been exported within the first ten months of 2023. This amounted to approximately 530,000 tons valued at $377.5 million and facilitated by 57 exporters. The exports included worth $115.30 million to China and its autonomous regions, 217,068 tons valued at $155.58 million to 26 EU countries, 62,492 tons at $42.32 million to six ASEAN members and 73,079 tons totalling $64.30 million to a further 25 destinations including Africa and the Middle-East. Chan Sokheang, president of the CRF, noted an increasing volume of orders in spite of the sluggish global economy, with a significant rise in demand from the European market this year. He said that substantial paddy rice exports to neighboring countries have also impacted the sector. Song Saran, president of Amru Rice (Cambodia), a leading rice miller and exporter, noted his company’s focus on aromatic and organic rice. Sen Kra-ob (SKO), a Cambodian fragrant rice variety, was awarded gold status at the 1st China-ASEAN Taste Quality Appraisal in China on October 28. Read more at: https://www.phnompenhpost.com/business/cambodia-achieves-remarkable-rice-sales-exceeding-12-billion
