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PM Asks for Help for Rice Farmers


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Prime Minister Hun Sen yesterday called on financial institutions to consider setting up a mechanism to delay loan repayments for farmers whose present harvest season comes during a low price for paddy rice. The premier made the appeal yesterday during the inauguration of Chinese-funded National Road 76, which connects Mondulkiri and Rattanakiri provinces.
 

Mr. Hun Sen said that the recent decline in the global price of rice is definitely affecting farmers who are growing the grain and it will be difficult for those who took out loans to support their farming. “I would like to call on the microfinance institutions  [MFIs] that give loans to farmers, please understand about the farmers’ difficulties who are facing a drop in rice prices,” he said.
 

“The drop isn’t just happening in Cambodia because now all other countries are facing the same – including rice and other agricultural products like rubber.”    Recently, rice prices in the region, particularly in Thailand, dropped due to the slowdown in demand on the global market.

 

read more http://www.khmertimeskh.com/news/32212/pm-asks-for-help-for-rice-farmers/

 

 
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-- © Copyright Phenom Pen Post 22/11
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