Cam­bo­dia signs new MoU on rice

The Myanmar Times - - Local Business -

LO­CAL com­pany Vi­ra­sun Devel­op­ment and the United Arab Emi­rates (UAE)’s In­ter­na­tional Trad­ing on Mon­day signed a mem­o­ran­dum of un­der­stand­ing (MoU) for the pur­chase and sale of 50,000 tonnes of milled rice and 50,000 tonnes of or­ganic fer­til­iz­ers per year, ac­cord­ing to a se­nior of­fi­cial work­ing for the Min­istry of Agri­cul­ture.

Hean Van­han, the direc­torgen­eral of the Gen­eral Direc­torate of Agri­cul­ture at the Min­istry of Agri­cul­ture, who presided over the sign­ing cer­e­mony, told Kh­mer Times yes­ter­day that Cam­bo­dia has pre­vi­ously only ex­ported small amounts of milled rice to the Emi­rates, adding that the new agree­ment was an ex­cel­lent devel­op­ment for the in­dus­try.

Mr Van­han said that Vi­ra­sun Devel­op­ment will sell 50,000 tonnes of milled rice to In­ter­na­tional Trad­ing per year. In turn, the Cam­bo­dian com­pany will pur­chase 50,000 tonnes of fer­til­izer ma­te­ri­als from the en­ter­prise.

“The Min­istry of Agri­cul­ture, and par­tic­u­larly the Gen­eral Direc­torate of Agri­cul­ture, plays a key role in fa­cil­i­tat­ing those chal­lenges en­coun­tered by the pri­vate sec­tor and fos­ter­ing this type of agree­ment,” Mr Van­han said.

The govern­ment of­fi­cial added that both com­pa­nies need to com­ply with Cam­bo­dian law and make sure all proper regis­tra­tions and qual­ity tests are car­ried out be­fore the fer­til­iz­ers are brought into the coun­try.

Mr Van­han also said that bas­mati rice is the pre­ferred rice va­ri­ety in the Emi­rates, but noted that the Arab na­tion also needs im­ports of other rice va­ri­eties to meet de­mand from mi­grant work­ers.

Cam­bo­dia ex­ported about 420,000 tonnes of milled rice to 60 in­ter­na­tional mar­kets in the first nine months of the year, an in­crease of 16 per­cent com­pared with the same pe­riod last year. The main ex­port mar­kets for the prod­uct are China, France and Poland, ac­cord­ing to of­fi­cial re­ports.

– Kh­mer Times

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