Cambodia suffers 13 percent drop in 11-month rice exports
Cambodia's rice exports fell 13 percent year on year in the first 11 months of 2018, according to a report by the Secretariat of One Window Service for Rice Export Formality of Cambodia.
An employee points to a stack of rice for an order at a rice warehouse in Phnom Penh. (Source: phnompenhpost.com)
Phnom Penh (VNA) - Cambodia'srice exports fell 13 percent year on year in the first 11 months of 2018, accordingto a report by the Secretariat of One Window Service for Rice Export Formalityof Cambodia.
The country shipped abroad 497,240tonnes of the grain in January-November, down from 562,237 tonnes in the sameperiod last year.
Hun Lak, Vice President of theCambodian Rice Federation, attributed the fall in the country’s exports to alack of stockpiles during the harvest season and price competition withneighbouring countries.
He explained that local farmers tendto sell their raw rice to traders from neighbouring countries for quick cash.
Atotal of 78 firms have sold the country's rice to 61 countries and regionsacross the world. China is still the top buyer of Cambodian rice, followed byFrance, the Netherlands, Poland and Britain, the report said.
Cambodiaproduced about 10.5 million tonnes of paddy rice in 2017, up 5.7 percentyear-on-year, according to its Ministry of Agriculture.-VNA
Cambodia exported 257,637 tonnes of rice in the first five months of 2017, up 10 percent compared with the same period last year, according to the latest report on June 10.
Cambodia’s rice exports in the first seven months of this year reduced by nearly 6.3 percent year on year, or 18,837 tonnes, to 297,080 tonnes, according to statistics of the secretariat of the One-Window Service for Rice Export Formality.
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An employee points to a stack of rice for an order at a rice warehouse in Phnom Penh. (Source: phnompenhpost.com) 
