Price of Cambodian rice abroad increasing

Sum Manet / Khmer Times No Comments Share:
Different types of Cambodian rice displayed at a local trade fair. KT/Chor Sokunthea

The price of Cambodian rice abroad has been on the rise since the beginning of February due to higher demand in China and the European Union, a representative of a local rice export company told Khmer Times.

Hun Lak, vice president of the Cambodia Rice Federation, said Cambodian milled rice now sells for $480 per ton, compared to $450 three weeks ago.

The price of fragrant rice (known as sen kro oup) is also rising, and has now reached $775 per ton from $735 earlier this month.

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“Prices have increased for both milled and unmilled types,” Mr Lak said.

“The hike in prices also happened to Thai rices. It is the result of rising demand for the product in the EU and China. Supply is lower than demand, so the price goes up.”

Last year Cambodia produced 10 million tonnes of paddy and had a surplus of four million tonnes. That year, Cambodia exported 635,679 tonnes of milled rice, a 17.3 percent increase year-on-year. More than 60 countries bought Cambodian rice, according to the Ministry of Agriculture.

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