Tuesday, March 25, 2014

AEC lures Thai rice millers to invest in Cambodia

25 March 2014

An industry source said several millers from Thailand’s central and northeastern regions are preparing to set up rice mills in Cambodia, mainly for export purposes, citing increasing production and relatively lower production costs in the neighboring nation. More importantly, the quality of Cambodian rice, especially Cambodian jasmine rice – phka malis in Khmer is becoming more widely recognized in the world market. Cambodian jasmine rice won the world’s best rice award in 2013 after it won for the first time at the competition in Bali in 2012.

Cambodia’s local operators have limited experience in marketing and exporting rice, while there is a dearth of sophisticated rice mills in the country. Cambodia is now capable of producing 9-10 million tones of paddy a year or 5 million tones of milled rice but exported only 370,000 tonnes of milled rice last year. Cambodia’s total rice consumption is estimated at 2.1 million tones for a population of 15 million.

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