Cambodian minister: Rice cartel aims for common price PHNOM PENH, May 5 (Xinhua) -- An organization of rice exporting countries (OREC) including Thailand, Cambodia, Vietnam, Laos and Myanmar will aim to set common price for their rice exports for more benefits of their own and the world, national media said on Monday.
Common price of rice will enhance OREC's capability to rice production, provide chance for them to help settle the world food crisis and increase incomes for their farmers, Chinese-language newspaper the Commercial News quoted Cambodian Minister of Agriculture and Fisheries Chan Sarun as telling a rural products exhibition in southern province of Takeo on Sunday.
Prime Minister Hun Sen had repeatedly raised the concept of OREC and emphasized the above-mentioned benefits, just before Thailand made a similar initiative at the end of last month, he said.
In addition, he said, common price will help dissolve the chaos on the world's rice market and thus secure the uttermost benefits for all.
"It is high time to establish such an organization," he added.
OREC are now planning to meet as soon as possible to materialize the concept, according to earlier reports.
Meanwhile, the ASEAN (Association of Southeast Asia Nations) countries, including OREC themselves, agreed for cooperation to stabilize rice price during a meeting in Indonesia on Sunday.
However, on the same day, the Asia Development Bank officials in Spain clearly opposed establishment of OREC, citing that it contradicted the free spirit of market economy and would bring about disadvantages to both sellers and purchasers.
The rice exports of Cambodia, Thailand and Vietnam used to account for some 40 percent of the world's total annual export of rice. If Laos and Myanmar are also included, the percentage will rise over 50 percent.
Rice price has been spiraling since 2008 and high-quality rice currently sells some 1,000 U.S. dollars a ton.
Common price of rice will enhance OREC's capability to rice production, provide chance for them to help settle the world food crisis and increase incomes for their farmers, Chinese-language newspaper the Commercial News quoted Cambodian Minister of Agriculture and Fisheries Chan Sarun as telling a rural products exhibition in southern province of Takeo on Sunday.
Prime Minister Hun Sen had repeatedly raised the concept of OREC and emphasized the above-mentioned benefits, just before Thailand made a similar initiative at the end of last month, he said.
In addition, he said, common price will help dissolve the chaos on the world's rice market and thus secure the uttermost benefits for all.
"It is high time to establish such an organization," he added.
OREC are now planning to meet as soon as possible to materialize the concept, according to earlier reports.
Meanwhile, the ASEAN (Association of Southeast Asia Nations) countries, including OREC themselves, agreed for cooperation to stabilize rice price during a meeting in Indonesia on Sunday.
However, on the same day, the Asia Development Bank officials in Spain clearly opposed establishment of OREC, citing that it contradicted the free spirit of market economy and would bring about disadvantages to both sellers and purchasers.
The rice exports of Cambodia, Thailand and Vietnam used to account for some 40 percent of the world's total annual export of rice. If Laos and Myanmar are also included, the percentage will rise over 50 percent.
Rice price has been spiraling since 2008 and high-quality rice currently sells some 1,000 U.S. dollars a ton.
6 comments:
Chan Sarun is the man for Cambodia. He had brought our productivity up from deficit to surplus. No one can do better. Therefore, vote CPP is you want to see bigger profit from your crops.
Don't vote SRP because you'll end up with many cyclo driver in government and they will drive Cambodia on their cyclo back to year-zero.
not a bad idea, after all, as long as it will help people to be able to afford.
Muk Ah choymray nih keu Ah yuon vietcong. Ah choymray yuon nih get out of my country now!
Hey, no one wants to live in South Vietnam, Ah Stupid Khmer-Yuon.
There is no such South Vietnam! Ah chkai Si Ach puok Ah yuons, OK!!!
Correct, I forgot. There is only one Vietnam controlled by Hanoi, no more south and north.
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