Cambodia could achieve its ambition to become one of the world's leading milled rice exporters by 2008 if it has sufficient capital to buy unmilled rice from local farmers, local media reported Friday.
Cambodian local mills currently require 40 million U.S. dollars in capital to purchase unmilled rice from farmers to raise stocks for production of milled rice, the Rasmei Kampuchea newspaper quoted Pu Puy, president of the Rice Milling Association of Cambodia, as saying.
Cambodian farmers annually export more than one million tons of unmilled rice, particularly to neighboring Vietnam and Thailand, Pu Puy added.
"We need around 40 million U.S. dollars, but the capital we have collected is only 10 million U.S. dollars," he said, "if we have adequate capital, we can export milled rice to the world market by 2008 or 2009."
He stressed that the country's 280 mills, which have an average capital each of 30,000 U.S. dollars to 100,000 U.S. dollars, can currently buy and stock only enough unmilled rice for production to serve local markets and small exports, the Rasmei Kampuchea said.
More than 80 percent of Cambodia's population are farmers who enjoy a generally favorable climate, so they could produce a surplus of over million tons of unmilled rice annually, but up until now they have not exported as much milled rice to the world markets as other producers due to a shortage of capital, he added.
Types of milled rice Cambodia known to be exported from Cambodia include the Neang Minh, Phka K'nhei and Phka Romduol varieties, the newspaper said.
Source: Xinhua
Cambodian local mills currently require 40 million U.S. dollars in capital to purchase unmilled rice from farmers to raise stocks for production of milled rice, the Rasmei Kampuchea newspaper quoted Pu Puy, president of the Rice Milling Association of Cambodia, as saying.
Cambodian farmers annually export more than one million tons of unmilled rice, particularly to neighboring Vietnam and Thailand, Pu Puy added.
"We need around 40 million U.S. dollars, but the capital we have collected is only 10 million U.S. dollars," he said, "if we have adequate capital, we can export milled rice to the world market by 2008 or 2009."
He stressed that the country's 280 mills, which have an average capital each of 30,000 U.S. dollars to 100,000 U.S. dollars, can currently buy and stock only enough unmilled rice for production to serve local markets and small exports, the Rasmei Kampuchea said.
More than 80 percent of Cambodia's population are farmers who enjoy a generally favorable climate, so they could produce a surplus of over million tons of unmilled rice annually, but up until now they have not exported as much milled rice to the world markets as other producers due to a shortage of capital, he added.
Types of milled rice Cambodia known to be exported from Cambodia include the Neang Minh, Phka K'nhei and Phka Romduol varieties, the newspaper said.
Source: Xinhua
10 comments:
Well if I got 10 out of 40
millions, I would sweet charm the
farmers to accept a 25% down
payment, and after the rice being
milled and sold, they will get the
75% owed plus market interest on
top of that. I think that will work
if they can guarantee the farmer
their payments within 3-4 months.
Otherwise, the farmer will be
in trouble. I mean no money and
no rice to eat.
Cambodia will be leading rice exporter
if Cambodia doesn't smuggle millions
of rices to Youns(vietnam)
cambodia doesnt even have enough to feed its people and it want to feed the world!! what a joke!!!
I keep hearing drought here and there; world food program provides rice to khmer people; now khmer is exporting rice?????
Dear Rasmei Kampuchea, Where did you get this information from? Cambodia become one of the world rice exporter in 2008? If you do not mind can you please explain to us? We would like to hear from you Sir...
7 to 9 something! Food in cluding rice, but rice not the only food.
We are not in communist system, modern free trad is not mean if we produce alot of rice the rice is cheap for everyone in the country, it has world market price. the producer will sele to who will pay the better price around the world.
That why we talk about employment and work, taxation, distribution and so on. do not get to exited not mean after 2008 Cambodian will have free gasoline!NOOOOOO NOOOOOOO
Not with corrupted govenment. The rice shall be exported and in return feed the farmers with the needs.
But I beat, the MIDDLE MAN "okgna" and the thiefs will get richer and the farmers need work harder.
Well, the okgna is going to have
to reckon with another okgna who
has 10 millions USD at his
disposal. Therefore, it is not
a nightmare. I would worry more
for entepreneurs with just 10-20
thousands USD.
Vietname could become rice looters from Cambodia by next year.
Why wait until next year?
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