Cambodia Business News: Rice exports inch higher as Thailand ups - TopicsExpress

Cambodia Business News: Rice exports inch higher as Thailand ups imports According to the Secretariat of One Window Service for Rice Export Formality, milled rice exports reached 148,262 tons, up 1%, in the 1st 5 months compared with 146,845 the same period last year. Imports from Thailand also rose sharply from 300 tons during the quarter to 1,550 tons by the end of May due to fruit negotiations over price between Cambodian exporters and Thai buyers, following Thailand’s rush to sell its 13 million tons of rice amassed during a state-buying rice scheme that collapsed last year. Cambodian sellers have had to concede to Thai offers and lower their prices to get rid of their rice while the global price of rice plummeted. (Source: The Cambodia Daily)

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