Aug 17 (Reuters)- Cambodia is targeting annual rice exports of 1 million tonnes within five years, Prime Minister Hun Sen said on Tuesday, a dramatic increase from the current volume of about 20,000 tonnes.
That goal is still small compared to its neighbours, Thailand and Vietnam, which are aiming to ship 8.5 million tonnes and 6.1 million tonnes respectively this year.
But impoverished Cambodia has shown signs of aspiring to the same league as Thailand and Vietnam, respectively the world's biggest and second-biggest rice exporters.
It announced earlier this month it was 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.
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That goal is still small compared to its neighbours, Thailand and Vietnam, which are aiming to ship 8.5 million tonnes and 6.1 million tonnes respectively this year.
But impoverished Cambodia has shown signs of aspiring to the same league as Thailand and Vietnam, respectively the world's biggest and second-biggest rice exporters.
It announced earlier this month it was 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.
Please click here to read more...
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