Cambodian rice among the world’s best three
CAMBODIA’S premium fragrant rice was voted one of the best in the world in the latest global competition, coming in the top three.
Thailand’s Horm Malis rice came out on top, taking home the title of World’s Best Rice.
The 9th edition of the World Rice Conference took place in Macau yesterday, with seven counties – Cambodia, Thailand, Vietnam, the US, Pakistan, Sri Lanka and Myanmar – entering 21 different rice varieties.
Cambodia entered three brands – two premium fragrant rice varieties and one fragrant rice – selected during a national competition held last week.
Moul Sarith, the secretary-general of the Cambodia Rice Federation (CRF), congratulated Cambodian rice farmers for the great results, but lamented that the kingdom did not take home the accolade.
“It was a close call for the judges, but ultimately the Thai variety, which is very similar to our own variety, won,” Mr Sareth said.
He believed the positive results will help boost sales of the Cambodian commodity.
A Cambodian variety called Phka Rumduol, but often also called phka malis or Cambodia jasmine rice by millers and traders, won the competition from 2012 to 2014, but lost its crown in 2015 to a rice variety from California.
Last year, another Thai brand from Chiang Mai took home the coveted prize at the eighth edition of the event.
Chan Sokheng, the chairman of rice export company Signature of Asia, said that after Cambodian rice was crowned the world’s best in 2012 his sales rose dramatically.
Phou Puy, the president of Green Rice Miller in Battambang province, said participating in the international contest alone will enhance the reputation of the Cambodian grain.
“Whether we win or lose, we can expect more orders from international buyers, as the competition will serve as a window to showcase our products,” he said. – Khmer Times REPRESENTATIVES from Spanish energy company Repsol on Tuesday met with leaders of the Bình Sѫn Refinery and Petrochemical Co Ltd (BSR) to seek opportunities to invest in the Dung Quҩt Refinery.
During the meet, Repsol said the company not only wants to own shares of Dung Quҩt Refinery, but also wants to participate in the plant’s management, operation and trade.
Leaders of BSR, which operates the Dung Quҩt Refinery, agreed with Repsol’s proposal to set up two negotiating teams to further discuss co-operation between the two sides early.
Dung Quҩt Refinery, which holds one-third of the petroleum market share in Viӌt Nam, plans to sell 4-6 per cent of its stake in January next year.
Following the IPO, the Ministry of Industry and Trade (MOIT) plans to continue transferring 49 per cent stake to strategic shareholders in 2018, which means the State’s ownership ratio in Dung Quҩt will be lower than 50 per cent. This will allow private investors to control the No.1 oil refinery in Viӌt Nam.
Under the current law, foreign investors are not allowed to distribute petrol products in Viӌt Nam, unless they have oil refineries in the country. Therefore, analysts predict foreign conglomerates will buy stake in Viӌt Nam’s oil refinery to obtain the right to distribute petrol products.
The Vietnamese energy market is witnessing the highest growth rates in the region. The total demand for petroleum products in Viӌt Nam in 2015 was 17.5 million cu.m. According to the World Bank, average petroleum consumption per capita in Viӌt Nam has increased by 5 per cent per year. The demand mostly comes from three sectors – transport (65 per cent), industrial production (20 per cent) and people’s consumption.
Dung Quҩt’s business performance is impressive. It posted revenue of VNÐ74 trillion and net profit of VNÐ4.492 trillion last year, which means a rate of return on equity (ROE) of 14 per cent.
By the end of October, the revenue of the oil refinery reached VNÐ63.3 trillion and its ROE rate was 16.09 per cent.
– Vietnam News