Cambodia generates almost $110 million from milled rice exports in Q1

Cambodia generates almost $110 million from milled rice exports in Q1

Cambodia’s rice exports in the first quarter of this year reached 153,688 tonnes, generating $109.73 million.

Figures from the Cambodia Rice Federation (CRF) show that the trend of rice export in March 2021 is gradually recovering, resulting in the increase of 84.66 percent compared to February, basically, it is an increase from 41,949 tonnes in February to 77,466 tonnes in March, while February compared to January increased by only 22 percent.

Cambodia’s milled rice was exported to 41 countries around the world, and China remains the biggest market of Cambodia’s milled rice export (55.55 percent), followed by 19 countries in Europe and three countries in ASEAN (Malaysia, Singapore and the Philippines).

This first quarter of 2021 is the year with the lowest exports in the last five years of the same period, said CRF, explaining that the main reason for the delay in the delivery to overseas buyers, especially to the target countries in the European Union, is mainly the shortage of containers for rice exports and the cost of shipping risen up five times higher comparing to the same period of the last five years. Phal Sophanith – AKP