Cambodia Rice News: Cambodia Rice Exports to Grow Over 100% in 2012 Amid Chinese Demand

Cambodia Rice Exports to Grow Over 100% in 2012 Amid Chinese Demand

Cambodian agriculture officials have revealed that the country’s rice exports are expected to grow over 100% to 400,000 tons in 2012, with Chinese demand for rice helping the nation compensate for the slow start in the first quarter of this year amid falling regional prices.

Cambodia’s Minister of Agriculture, Forestry and Fisheries said that tax waivers by Europe would continue to help the country’s rice exports. He said that while Europe would remain the biggest rice market for Cambodia, China’s unexpected need for rice this year would help the country recover from a slump in first quarter exports.

Last year, Cambodia exported about 173,000 tons of rice mainly due to import tax waivers by Europe. China is expected to become a top rice importer in 2012 with over 2 million tons of rice imports.

The Cambodian Agriculture minister declined to share figures for the first quarter 2012 exports, but acknowledged that there were few export orders in the first quarter, as prices from international competitors remained low. However, the chief of a Cambodia private rice exporting company revealed that the country shipped about 37,000 tons of rice in the first quarter 2012, about 12,000 tons more than the 25,784 tons ice exports during the same period in 2011.

Earlier this month, the first direct test shipment of rice from Cambodia reached Chinese shores, but failed to qualify China’s standards, not due to the quality of Cambodian rice but because of a glitch in paper work, according to Cambodian sources. The export company chief said, “It’s not a problem with the quality of Cambodia’s rice…There’s something missing between the political level and technical level for the shipment.”

“Cambodian rice will flood the Chinese market,” he added. Source: Oryza/10-Apr-2012

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