Phnom Penh (Rasmei Kampuchea Daily/ANN) -- The Cambodian Rice Export Association has been inaugurated with the aim of achieving annual exports of one million tons a year, more than five times the volume of rice exports last year, Rasmei Kampuchea reported Friday.
"The purpose of creating this association is to unite rice exporters, millers and transporters," association president Lim Bunheng was quoted as saying. "It aims to boost Cambodian rice exports to international markets to one million tons."
Lim Bunheng, who is also president of leading rice exporter Loran Import-Export Co Ltd, said his company had the capacity to export 300,000 tons of rice in 2011. "We expect to be able to export 500,000 tons," he said.
The newspaper said Ministry of Commerce Secretary of State Mao Thora welcomed the establishment of a new rice association.
"Cambodia so far has only ten rice millers that can export rice," he reportedly said, highlighting the need for export quality rice to meet international standards. "Cambodia has 3,000 rice millers but most are capable of supplying rice to the local market only."
Ministry of Commerce figures show rice exports rising from about 140,000 tons in 2010 to 170,000 tons last year with the value of exports earnings climbing from US$35 million to $104 million in the same period.
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