The ceremony, presided over by His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, was attended by a host of dignitaries, including the Minister of Industry, Science, Technology and Innovation, and numerous national and international guests.

Deputy Prime Minister Sun Chanthol recounted the sector’s humble beginnings a decade ago, where a weak private sector lacked a strong, unified voice. His initiative to reform the private sector and establish the CRF proved to be a turning point. This strategic move has since rendered the Cambodian rice sector remarkably efficient, fostering commendable progress across its entire production and value chains.

Over the past ten years, Cambodia has deftly balanced its crucial food security needs with an aggressive expansion of its trade and investment potential. This dual focus has yielded impressive results: in 2024 alone, the nation exported over 651,000 tons of milled rice and more than 5.1 million tons of paddy, generating a staggering total revenue of over US$1.987 billion.

One of the most striking indicators of this revolution is the dramatic increase in processing infrastructure. From fewer than 10 operational rice milling sites a decade ago, Cambodia now boasts over 80 facilities, each equipped with the world’s most advanced technological equipment. This rapid expansion is a direct result of substantial investment, both from domestic and foreign sources, signaling strong confidence in the sector’s trajectory.

These extraordinary achievements are credited to the enduring leadership policies of Samdech Akka Moha Sena Padei Techo Hun Sen, former Prime Minister and current President of the Senate, and the continued guidance of Samdech Maha Prasad Hun Manet, the present Prime Minister. Close collaboration among relevant ministries and institutions has further cemented Cambodia’s position as a significant global rice exporter, earning its rice the moniker “White Gold” from the nation’s leaders.

Looking ahead, Deputy Prime Minister Sun Chanthol also highlighted the transformative potential of the Funan Techo Canal Project. This ambitious infrastructure initiative, once completed, will become an integral part of Cambodia’s logistics system, significantly streamlining the transportation of goods, including critical rice products, to international markets. This promises to accelerate supply chains and further boost the sector’s export capabilities.

In his concluding remarks, the Deputy Prime Minister extended his gratitude to the leadership of the Cambodian Rice Federation across its four mandates. Their tireless efforts, he emphasized, have been instrumental in leading the institution to sustained success, fostering solidarity, and securing the many achievements that define Cambodia’s burgeoning rice industry.

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From January to October this year, the Kingdom exported 507,029 tonnes of milled rice to 66 foreign countries and territories, earning more than US$376 million, stated the report.

Twenty-six (26) countries in Europe bought a combined amount of 254,945 tonnes of milled rice from Cambodia worth approximately US$197 million, it added.

At the same time, it continued, seven countries in the ASEAN bloc imported 100,996 tonnes worth US$66.61 million, while China purchased 93,197 tonnes worth US$61.48 million.

Cambodia also shipped almost 58,000 tonnes of milled rice to other destinations, generating a total income of US$51.61 million, said the source.

Rice varieties the country exported included fragrant rice, long-grain white rice, parboiled rice, and organic rice, among others.
The CRF’s report pointed out that some 4.03 million tonnes of paddy rice worth US$1,184 million were traded across the border to neighbouring countries during the said ten-month period.

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The Cambodian milled rice was shipped to 63 countries and regions around the world during the January-June period, it pointed out.

The country exported 156,789 tonnes of the commodity to 26 countries in the European Union, making US$121 million as revenue, said the report, adding that 75,398 tonnes others were shipped to China, generating a gross revenue of US$47 million.

Exports to 7 ASEAN members hit 74,554 tonnes, worth US$51 million, underlined the news release. Rice varieties Cambodia exported included fragrant rice, white rice, parboiled rice, and organic rice, among others.

Meanwhile, the Kingdom earned US$727 million in revenue from exporting 2.52 million tonnes of paddy rice to neighbouring countries. CRF has set its ambitious goal of exporting a million tonnes of milled rice by 2025.

With the export strategy focused on market expansion, raising production and storage capacity and elevating rice quality standards, the ambitious target of a million-tonne export is attainable, said CRF President Mr. Chan Sokheang.

“Our strategic approach addresses key areas that will propel Cambodia’s rice industry to new heights,” he said. AKP

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The milled rice export earned revenue of US$219 million, up 14 percent from US$191 million recorded in the same period last year, read the report, adding that milled rice was shipped to 63 destinations through 48 exporters. China was Cambodia’s largest rice importer as it purchased 73,322 tonnes of milled rice worth US$46 million, read the report.

Rice exports to 26 countries in the European Union was amounted 136,528 tons, worth a total of US$104 million, 7 ASEAN countries 65,412 tons, worth US$46 million, and other destinations 27,330 tons worth US$22.9 million, read the report. Exported milled rice varieties included fragrant rice, long grain white rice, parboiled rice and organic rice, it said, citing that fragrant rice accounted for 71 percent of the total rice export.

Meanwhile, Cambodia exported 2.44 million tons of paddy rice worth US$710 million to its neighbouring countries. CRF has set the country’s full-year milled rice export target at 750,000 tons in 2023, rising to one million tons by 2025.

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The signing ceremony was held on May 10 under the presidency of H.E. Ros Seilava, Secretary of State at the Ministry of Economy and Finance with the participation of more than 70 people who are members of the Board of Directors of CGCC, the management and members of CRF, the management and staff of PFIs and CGCC.

The ceremony was held to seal the official cooperation between CGCC, CRF, and PFIs on the Rice Export Guarantee Scheme (REGS), which aims to increase the productivity and competitiveness of Cambodia’s rice industry and boost rice exports in line with the Royal Government of Cambodia’s policy on agriculture.

CGCC launched the US$30 million REGS as a portfolio guarantee scheme, having seven financial institutions participating in this scheme, including AMK Microfinance Institution, Canadia Bank, Foreign Trade Bank of Cambodia (FTB), Maybank (Cambodia), Prince Bank, Sathapana Bank, and Wing Bank. (Cambodia).

Speaking at the ceremony, H.E. Ros Seilava said that the launch of the US$30 million REGS project is a reflection of the Royal Government’s strong commitment to support Cambodian rice production and rice exports through the public credit guarantee scheme, of which CGCC is the operator, by providing guarantee coverage of 80 percent on the maximum loan of up to US$3 million.

“The REGS will support the financing need of rice exporters and rice millers to purchase paddy from farmers to produce rice for exports in line with the Royal Government of Cambodia’s policy to increase rice production and exports,” he said.

Mr. Chan Sokheang, President of CRF said the rice credit guarantee package will help millers expand their scope to stockpile rice for milling, processing, exporting, and increasing local value-added products derived from its by-products milling all rice to other sectors such as aquaculture, livestock farming.

According to Mr. Wong Keet Loong, CEO of CGCC, the scheme comes with special features – lower guarantee fees, higher guarantee covers and loan interest rate not exceeding 11 percent p.a.

“We are supporting the aspirations of the Royal Government of Cambodia to export 1 million tonnes of rice by 2025,” Mr. Wang said.

CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance with a main mission to provide credit guarantees to improve financial inclusion and support the development of small and medium enterprises.

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The Kingdom earned a total revenue of US$32.6 million from the export of the commodity, up 13 percent, the source said, adding that Cambodia’s rice was shipped to 42 countries and regions.

The European Union was the top buyer of the commodity in January with 25,005 tonnes, sharing 54 percent of total exports, followed by ASEAN countries purchasing 11,999 tonnes, and China and its autonomous regions 5,171 tonnes.

The report stated that other destinations imported a total of 4,046 tonnes from Cambodia. Rice varieties the country exported included fragrant rice, organic rice, white rice, parboiled rice, and japonica rice, it pointed out.

Cambodia also exported 588,814 tonnes of paddy rice, at an estimated value of US$184 million.

Last year, the country exported 656,323 tonnes of milled rice, a year-on-year increase of 3 percent, generating US$466 million as revenue.

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The Kingdom shipped milled rice to 61 countries and regions during the year, and European countries were the top buyers, followed by China and its autonomous regions.

Most of the exported rice was fragrant rice, while other rice varieties exported included white rice, parboiled rice, organic rice, Glutinous rice, and japonica rice.

CRF has set a milled-rice export goal for the Kingdom at a million tonnes by 2025.

Cambodia also exported some 4.38 million tonnes of paddy rice during the period, earning US$1.32 billion.

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The Kingdom exported milled rice to 60 countries and regions during the January-November period this year. China remained the top buyer, according to the e-news release.

The rice varieties exported by Cambodia included fragrant rice, organic rice, white rice, parboiled rice, and japonica rice.

CRF has set a full-year milled-rice export goal for the Kingdom at 700,000 tonnes in 2023 and at least a million tonnes of milled rice by 2025.

The country exported 3.9 million tonnes of paddy rice during the period, earning US$1.1 billion, read the report.

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The award ceremony was held late last week at Guangxi Zhuang Autonomous Region Seed Management Station and Rice Research Institute of Guangxi Academy of Agricultural Science, Guangxi Zhuang Autonomous Region, China.

On his social media networks this morning, Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of Cambodia, expressed his congratulations to SKO on receiving the gold award.

Sixty-one (61) rice varieties, of which 12 from five ASEAN member countries, were summited for the contest, the Cambodian Rice Federation (CRF)’s press release dated Oct. 31 stated.

SKO was recognised by the competition committee as a good and delicious rice variety, said CRF, stressing that with the gold award, SKO will be recognised more widely and have a wider market.

The collective trademark of SKO was officially inaugurated in June 2022 aiming to increase exporters’ confidence and boost the export of milled rice to the global markets.

SKO fragrant rice is popular all over Cambodia, as it provides high yields, is aromatic and of good quality, and is soft and delicious, according to the Ministry of Agriculture, Forestry, and Fisheries.

Cambodia had exported 456,581 tonnes of milled rice in the first nine months of 2023, earning US$327.4 million, CRF pointed out.

Of the figure, 155,366 tonnes were shipped to China during the above-mentioned period, generating a gross revenue of US$99.6 million.

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The Southeast Asian country shipped milled rice to 56 countries and regions during the January-August period, the news release said, adding that China remained the top buyer.

The news release said the kingdom exported 143,818 tonnes of milled rice to China during the period mentioned above, generating a gross revenue of $91.6 million dollars.

CRF President Chan Sokheang has set a full-year milled rice export target for the kingdom at 700,000 tonnes in 2023, noting that China is a vast market.

“The federation will continue to collaborate with the Ministry of Commerce to ensure that the annual sales of milled rice to China top 400,000 tonnes each year (in the future),” he said.

According to the news release, rice varieties the country exported included fragrant rice, organic rice, white rice, parboiled rice, and japonica rice. Xinhua

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