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Friday, April 30, 2010

Cambodia to boost global rice sales

PHNOM PENH (Commodity Online) : In an attempt to boost its international rice sales, Cambodia has decided to axe rice export licenses to exporters.

Country’s Prime Minister Hun Sen issued a new order in this regard to replace an old order of 2008.

The document ordered would-be exporters to apply to a Ministry of Commerce-run company called Green Trade for a permit.

All traders who wanted to sell more than 200 tones of the grain had to apply for a permit, in an attempt to secure Cambodia's rice and paddy supply.

The government wants to sell more rice into international markets to develop the economy.

According to the Ministry of Agriculture, Cambodia plans to increase paddy yield by as much as 3 tones per hectare by 2012.

This farm year, April statistics show, the Kingdom could have 3.5 million tones of paddy left over for export, a 10.75 percent increase from the 3.16 million tones last year.

Cambodian Small and Medium Industries Association (CSMIA), said four rice buyers from Sweden, Lithuania and Belgium will arrive in Cambodia on May 9 to meet with 100 rice mill representatives to discuss export capability.

CSMIA said Russian company Prod Gamma is set to order 20,000 tones of rice from Cambodia this year. The company wants to order 10 percent broken rice from Cambodia at $430 per tone.

The CSMIA has exported 2,500 tones of rice to European markets since the beginning of the year.

The association plans to export another 1,200 tones in May. The group has also signed export agreements with companies from Germany, Lithuania and Latvia.

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