Rice exports continue to fall

[geovalin]

Cambodia’s rice export fell 13.20 percent in the first ten months of 2018 due to two factors, the European Union stopped buying Cambodian rice and the 300,000 tonnes quota to China was not fulfilled, said Kann Kunthy, vice president and managing director of Amru Rice Cambodia. Mr Kunthy was commenting on a report from the Secretariat of One Window Service for Rice Export which said in the first ten months (January-October) 2018, Cambodia exported 434,807 tonnes of rice, compared to 492,115 tonnes over the same period in 2017.

 

Meanwhile, China remained the country that imported the largest portion of rice from Cambodia, or 110,000 tons, France 60,000 tonnes and Malaysia 30,000 tonnes. “We use dollar for the rice export and the trade war between the US and China has inflated the Chinese currency by 10 percent, making it expensive for China to buy rice from us.

 

“The decline was mostly on the white rice export due to high prices and altogether Vietnam bought a lot of rice from Cambodia. Then the EU is now buying rice from Myanmar. It is all related to international politics,” Mr Kunthy said. However, he said his company’s rice export was stable, sending 5,000 tonnes of milled rice abroad.

 

read more https://www.khmertimeskh.com/50550215/rice-exports-continue-to-fall-2/

 

 

-- © Copyright Khmer Times 14/11

[Cadbury]

Meanwhile back at the ranch Thailand's rice exports fell by 18%. Thailand's rice production also fell, about 3 million tonnes in 2018. The high baht is being blamed.

Thailand needs to be careful not to upset the EU or it will get the same treatment as Cambodia. Judging by Cambodia's current form human rights and rigged elections are of interest to the EU.

Competition is also another factor. Hope the generals are learning there is a much bigger world outside the world of Thailand.