October 31, 2010
Reuters
CAMBODIA has offered to sell rice to Manila as it faces a supply surplus, but talks are only exploratory and no deal has been reached yet, the head of the Philippines state grain agency said on Friday.
Angelito T. Banayo, administrator of the National Food Authority (NFA), said in an interview that Cambodia has a surplus of 1-1.2 million metric tons (MT) of paddy rice which it can sell.
He had met Sok Siphana, advisor to the Royal Government of Cambodia, on Thursday to discuss food security issues.
Mr. Banayo said the Philippines, the world’s biggest rice buyer, was open to purchasing the grain from its Southeast Asian neighbor, but clarified that a deal was some way off.
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