PHNOM PENH/BANGKOK, Aug 4 (Reuters) - Cambodia is looking for foreign investors to boost its fledgling rice milling sector so that it can reap higher dividends from its grain crop, much of which is currently sent to Vietnam to be milled and re-exported.
Its short-term goals are modest: it has exported 15,000 tonnes of milled rice this year and is aiming for 20,000, said Commerce Secretary of State Mao Thura.
That is an increase on last year, he said. "This is because we have more decent-standard rice millers. Before we had none."
But the government knows it must find foreign investors to have any hope of getting into the same league as neighbours Thailand and Vietnam, respectively the world's biggest and second-biggest rice exporters.
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Its short-term goals are modest: it has exported 15,000 tonnes of milled rice this year and is aiming for 20,000, said Commerce Secretary of State Mao Thura.
That is an increase on last year, he said. "This is because we have more decent-standard rice millers. Before we had none."
But the government knows it must find foreign investors to have any hope of getting into the same league as neighbours Thailand and Vietnam, respectively the world's biggest and second-biggest rice exporters.
Please click here to read more...
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