17 November 2014
China is set
to loan Cambodia up to $300 million to build a series of warehouses aimed at
assisting the Kingdom’s fledgling rice industry.
The loan
is to be used to build more than 10 warehouses equipped with dryers capable of
storing at least one million tons of Cambodia’s paddy. The facilities will be
located along key rural production areas, urban markets and ports along the
country’s value chains. President and CEO of Loran Group a major rice miller
said up to 60% of paddy is sent immediately abroad for milling due solely to a
lack of capital and holding capacity in Cambodia.
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