2 April 2014
As Thailand sells its rice reserves and reforms in
Myanmar are rewarded with more access to markets abroad, Cambodia’s total
exports of milled rice are on the decline, falling more than 10% in the first
quarter of this year compared with the same period in 2013.
The Myanmar Rice Federation said in March that the
country, once a major rice exporter to the world before being hit with
sanctions, is at a turning point. Once barred from trade and isolated, Myanmar
is benefiting from duty-free preferences enjoyed by Cambodia and other emerging
markets due to a broad range of political reforms passed since President Thein
Sein came to power in 2011. In the previous three to four years, the country
has exported about a million tonnes of rice. That figure should double by 2020.
Thailand is coming out of a failed rice-subsidy
scheme that left the country with more than 10 million tonnes of milled rice. At
least one million tonnes have been sold since March, according to US Department
of Agriculture.
Data showed that Cambodia exported some 84,330
tonnes of rice between January and March, down from 95,228 tonnes in the same period
last year, an 11% drop. The
Federation of Milled Rice Exporters of Cambodia said that in order to compete,
the country should promote its recent brand victories, referring to a strain of
Cambodian rice winning the World’s Best Rice Award for the second year in a
row.
Source:
http://www.phnompenhpost.com/business/cambodian-rice-exports-fall-q1
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