Cambodian rice exports fall in Q1

Cambodia’s exports of milled rice fell more than 10% in the first quarter of this year compared with the same period in 2013.

The major reasons are Thailand's sale of its rice reserves and Myanmar's increasingly open market, the Phnom Penh Post reported on Wednesday, quoting industry insiders.

Cambodia exported 84,330 tonnes of rice from January to March, down from 95,228 tonnes in the same period last year, an 11% drop, according to data from the Secretariat of One Window Service for Rice Export Formality.

Its Ministry of Commerce has set up a committee to establish a National Rice Millers Federation, which is urging more investment in the rice sector to increase competitiveness, the daily said.

The country should also promote its famous strain which has won the World’s Best Rice Award for the second year in a row, suggested an exporter.

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