World

Cambodia calls on rice millers, exporters to buy paddy

The Cambodian Rice Federation (CRF) has called on all rice millers and exporters to keep buying paddy rice to ease oversupply in the market, amid the COVID-19 pandemic.
Cambodia calls on rice millers, exporters to buy paddy ảnh 1Illustrative image (Photo: Khmer Times)

PhnomPenh (VNA) - The Cambodian Rice Federation (CRF) has called on all ricemillers and exporters to keep buying paddy rice to ease oversupply in themarket, amid the COVID-19 pandemic.

The callcame after Cambodian Prime Minister Hun Sen made a decision to suspend theexport of paddy rice and white rice from April 5.

The KhmerTimes quoted the CRF as saying that in order to helpfarmers in this difficult period, the Cambodian Government has provided loansfor rice millers and exporters via the state-owned Agricultural and RuralDevelopment Bank (ARDB) to buy paddy from farmers.

CRFSecretary General Lun Yeng said in these hard times, the rice sector ishealthier than others because it is profitable from higher local demand and goodprices.

In mid-March,ARDB launched a 50 million USD fund to increase small and medium-sizedenterprises (SMEs)’s access to credit in agriculture.

Accordingto the CRF, Cambodia exported over 230,900 tonnes of rice in the first quarterof this year, up over 35 percent year-on-year. China remained its largest riceimporter./.

VNA
#COVID-19#Khmer Times#Vietnamplus#Vietnam News Agency#Cambodian Prime Minister Hun Sen#paddy rice#CRF Secretary General Lun Yeng
Follow VietnamPlus

Related News

Cambodia cancels all int’l meetings amid COVID-19

Cambodia cancels all int’l meetings amid COVID-19

Cambodian Prime Minister Hun Sen announced on March 25 that all international meetings in Cambodia are cancelled and all Cambodian officials must stop attending overseas meetings or conferences, amid the COVID-19 pandemic. ​

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.