[PHNOM PENH POST]
CHINESE agricultural company Sino Grain was in Phnom Penh this week,
researching the possibility of importing Cambodian milled rice,
according to a ministry statement.
Minister of Commerce Cham
Prasidh hosted the company’s director general, Xu Ge Fei, and other Sino
Grain delegates yesterday, the ministry said.
“With a population
of 100 million, Guangdong requires 1 million tonnes of milled rice per
month. So food demand is very high, and requires importing for supply
and stock,” Xu Ge Fei was quoted as saying in the statement.
Sino
Grain, along with its three branches in Beijing and Hunan and Guangdong
provinces, supplies food to the Chinese government, and uses trade to
maintain food price stability, the ministry said.
Xu Ge Fei said his company can mill 220,000 tonnes of rice per year, and had facilities enough to hold 1 million tonnes.
Cham
Prasidh encouraged the company to invest in Cambodia by not only
importing rice, but also by building a rice-processing plant here, the
ministry said. Typically, Cambodia’s milled rice is exported to
China via Vietnam and Thailand.
Cambodia’s
SOMA Group in June signed a cooperative memorandum of understanding
with China’s Yunnan Provincial Overseas Investment Co to build a
rice-processin
g mill facility in Cambodia.
Cambodia’s rice
export volumes more than quadrupled in the first half of 2011 to 80,442
tonnes, worth $45.7 million, year-on-year, according to the Commerce
Ministry.
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