Wednesday, December 22, 2010

Capital concerns for rice exports

Lim Bun Heng, president of rice processor and exporter Loran Import-Export Co Ltd, speaks to The Post in his office last week. (Photo by: Sovan Philong)
Tuesday, 21 December 2010
Chun Sophal
The Phnom Penh Post

Lim Bun Heng, president of rice processor and exporter Loran Import-Export Co, talks to Chun Sophal about the future of Cambodia’s rice exports.

What are the major constraints for Cambodia in exporting rice to international markets?

Processing the rice produced here for international export is very important for Cambodia as a major agricultural country.

However, we have seen that local rice growers and millers are likely to not have enough capital to buy the remaining rice during harvest season because most of them have insufficent capital.

Given this lack of capital, we are able to buy only a small quantity of [unhusked] rice compared with outside merchants from neighboring countries like Thailand and Vietnam.
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