Cambodia moves to strengthen rice value chain, targets 1M-tonne
Cambodia’s public and private sectors pledged to strengthen the rice value chain by stabilising paddy prices and providing working capital. ARDB will support mills and exporters as the country targets 1 million tonnes of milled rice exports in 2026.
Public and private sector leaders have pledged to strengthen Cambodia’s rice value chain by stabilising paddy prices and providing working capital to support the country’s long-standing target of exporting 1 million tonnes of milled rice in 2026.
The commitment was made during a meeting held on Saturday in Battambang province, chaired by Kao Thach, CEO of the state-owned Agriculture and Rural Development Bank (ARDB), with the participation of Chan Sokheang, chairman of the Cambodia Rice Federation (CRF) Board of Directors, Lay Chhun Hour, president of CRF, and representatives from rice mills and exporting companies.
Thach said the meeting focused on reviewing paddy procurement progress and discussing measures to achieve the 1-million-tonne rice export target, which has long been regarded as Cambodia’s “white gold”.
“Since the policy was introduced in 2010, we have faced and must acknowledge numerous complex challenges, notably the unforeseen and unreasonable decline in paddy prices in 2016,” he said.
Despite infrastructure and capital shortages impacting paddy prices, Cambodia continues to advance its rice sector.
Thach reiterated ARDB’s commitment to providing financial support to sustain annual rice exports of 1 million tonnes or more.
He urged rice mills to increase paddy procurement and strengthen cooperation with exporters and other stakeholders to help achieve the national rice export target this year.
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Source : KHMER TIMES
