China buys nearly half of total milled rice, Vietnam buys 1.7 million tons of Cambodian rice

Published 2022년 9월 13일

Tridge summary

Cambodia has seen a significant increase in rice exports in the first seven months of 2022, with a 13.24% increase compared to the same period last year, totaling 350,902 tons. China, Macau, and Hong Kong are the primary markets, importing 48.38% of the total export, and China's import of Cambodian rice has reached 200,000 tons, half of the annual quota. The country also exports a substantial amount of rice to Vietnam, experiencing a 2.38% increase to over 1.733 million tons in the first six months of 2022, with the export value surpassing 336.2 million USD. The average price of rice exported to Vietnam has also increased by 17.58% compared to the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Phnom Penh Post quoted data from the Cambodian Ministry of Agriculture, Forestry and Fisheries showing that, in the first seven months of 2022, Cambodia exported 350,902 tons of rice, up 13.24% over the same period last year, including up to 48.38%, or 169,766 tons, were exported to China, Macau and Hong Kong, up 10.29% year-on-year. The amount of Cambodian rice exported to China has reached about 200,000 tons per year, equivalent to half of the preferential duty-free quota (400,000 tons) applied by China to the above product from Cambodia. Currently, China has become Cambodia's main export market for milled rice, and Cambodia plans to raise its rice export quota to China to 500,000 tons by 2023. Also according to Phnom Penh Post, exports to Europe are also increasing after EU trade protection measures expire in early 2022. Previously, the EU applied a protectionist measure to rice products and levied taxes on Cambodian rice exporters at the rate of 175 euros/ton in 2019, 150 ...

Source: Danviet