Thursday, February 5, 2015

Rice producer signs MoU with machinery firm


5 February 2015

Local rice miller and exporter, QC Rice Company, signed a memorandum of understanding (MoU) yesterday with Chinese agricultural firm, Rizhao Rui Energy Trading Company, a partnership that will see the two businesses trade in rice and agricultural machinery. The deal sees Rizhao Rui Energy Trading Company agree to import 250,000 tons of Cambodian rice from QC Rice, while the Cambodian rice producer has agreed to import $4 million worth of farm machinery from its Chinese partner.

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