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

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 ...