Cambodia Has More Potential to Expand Rice Market in China: Expert
AKP Phnom Penh, July 31, 2020 —
Although China is Cambodia’s largest market for milled rice exports, there is still a huge potential for more exports of the food staple.
The analytics were shared by Mr. Song Saran, President of the Cambodia Rice Federation, in a recent interview with AKP, stressing that Vietnam and Thailand are covering up major segmentations of the Chinese market.
China needs about 3 million tonnes of rice per year and Cambodian rice market in China is ranked No. 6 in terms of the volume of rice imports and No. 4 in terms of price of the market, he said.
The market of Cambodian milled rice in China, he added, remains small, and consumers are less familiar with Cambodian rice, but more familiar with rice from Vietnam, Thailand and other countries.
In order to expand the potential of the Cambodian rice market in China, those engaged in Cambodian rice production chain must work together to promote the quality of Cambodian rice products for the markets in China, and cooperate well with the Chinese counterpart, he continued.
The Cambodia Rice Federation has been cooperating closely with China’s state-owned rice importers to further expand Cambodian rice market in China.
Cambodia currently has more than 40 rice mills out of more than 100 federation members, and more than 40 percent of the mills are capable of exporting rice to China, meeting the country standard.
In the first semester of this year, Cambodia exported 397,660 tonnes of milled rice – an increase of 41 percent compared to the same period in 2019 which was about 281,538 tonnes, and earned about US$264 million.
China is the main market of Cambodian rice export, representing 37 percent or 147,949 tonnes, followed by the European Union and the United Kingdom, the second biggest market absorbing 34 percent or 135,576 tonnes of the exports.
During the first six months, export of fragrant rice was 77 percent, and white rice and other rice of other kinds 23 percent.
By Heng Panha & Chea Vannak