Cambodian rice exports in 2017 increased by 17.3 percent compared with 2016, according to a report from the Ministry of Agriculture.
According to the Ministry of Agriculture, the total amount of formal Cambodian rice exports increased to about 635,679 metric tonnes, an increase of 17.3 percent in 2017 from 542,144 in 2016.
Srey Vuthy, the director of the department of planning and statistics at the Ministry of Agriculture, told Khmer Times on Monday that rice exports from Cambodia improved in 2017 compared with the previous years. He said Cambodia had a surplus of about five million tonnes of paddy per year.
He added that among the five million tonnes of surplus, some of it went to neighbouring countries as Cambodia does not have enough warehouses and processing facilities and the lack of logistic facilities to absorb paddy from farmers. He said that last year Cambodia produced about 10 million tonnes of paddy across the country.
“When our rice storage and processing facilities are completed we hope that we can increase exports as we can purchase the paddy to store in the warehouse and process it,” Mr Vuthy said. “The export growth we could see from that 15 percent per year.”
Song Saran, the CEO of Amru Rice, told Khmer Times that in 2017 the big market for Cambodian rice was China, while the European market is stable.
Mr Saran said Cambodian fragrant rice was popular in China and the European Union, while the price of fragrant rice was better.
“We are happy that we have a surplus in fragrant rice as demand is rising,” Mr Saran added.