Cambodia will reach an agreement with Bangladesh tomorrow for the kingdom’s rice to be exported to the South Asian country, according to an official in the Commerce Ministry.
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“Under the deal, Bangladesh will import 1 million tonnes of milled rice from Cambodia for 5 years,” said Soeung Sophary, the ministry’s spokesperson yesterday.
“An agreement will be signed in Phnom Penh on Wednesday between the ministry and representatives of the Bangladeshi government,” she added.
Ms Sophary said Bangladesh would take delivery of all types of rice from Cambodia and the deal will not only focus on fragrant rice or white rice.
Hun Lak, vice president of the Cambodia Rice Federation, welcomed to the move, saying it was a positive move for the kingdom.
“If we can negotiate with Bangladesh on the prices and get favourable ones, that’s the outcome we want,” Mr Lak said.
In the first quarter of the year, Cambodia exported a total of 288,562 tonnes of milled rice to 56 countries, up 7.6 percent compared with the same period last year.