Cambodian exports of milled rice to international markets reached over 220,000 tons in the first four months of the year, marking an increase of almost 15% compared to the same period last year.
The Cambodian Rice Federation (CFR) said in a press release that from January to April, total milled rice exports were 221,138 tons, an increase of 14.88%. Exports of unmilled rice amounted to 1,648,474 tonnes. Combined, milled and unmilled rice generated $516.21 million.
Lun Yeng, general secretary of the CRF, said there were major factors behind the increase.
“The first factor is increased demand in Europe, as the European Union stopped taxing the product in January. The second factor is that transport costs are lower than they were in previous years. Demand China also remains stable. These are good indicators that exports will continue to increase,” he said.
According to the CRF, 48 companies exported milled rice to 54 countries. Exports to China, Hong Kong and Macao reached 115,255 tonnes, or 52.12% of the total exported, with a total value of $62.74 million.
European markets accounted for 68,555 tons – or 31% of the total – worth $51.02 million. In ASEAN countries, exports reached 21,876 tons or 9.89%, earning the Kingdom $13.90 million. The remaining rice was exported to other destinations.