Cambodia exported 398,586 tonnes of the food grain in the first nine months of 2019, up 2.3 percent year on year (Photo: The Phnom Penh Post)Phnom Penh (VNA) – Cambodia is setto export rice to South Africa, a new market, in the time ahead as a milledrice exporter has signed an export memorandum of understanding (MoU) with a partnerfrom South Africa.
On December 3, Cambodia’s Mekong Oryza TradingCo. Ltd signed the deal with South African-based Green Shield Africa Group andHong Kong-based Zhonghui Taifu International Co. Ltd.
Witnessing the signing, Cambodian Minister of Agriculture,Forestry and Fisheries Veng Sakhon said the MoU will help boost the country’smilled rice exports to China, and now South Africa, which is a new market.
Mekong Oryza Trading president Hun Lak told ThePhnom Penh Post that the MoU will last for three years, during which thecompany plans to ship some 100,000 tonnes of milled rice to China, Africa andEurope.
He noted the firm will find more new marketsbesides China and diversify their exports to build their competitiveness.
According to the Cambodia Rice Federation, thecountry exported 398,586 tonnes of the food grain in the first nine months of2019, up 2.3 percent year on year. Rice exports to China increased more than 44percent, while shipments to the EU dropped nearly 30 percent./.
VNA
