1/13/16

Cambodia needs to invest about $ 500 million to export 1 million tonnes of rice

Phnom Penh: Cambodia needs to invest approximately US $ 500 million to strategic planning to export 1 million tonnes in 2016.
Speaking at a press conference on the 5th forum rice Sokha Phnom Penh Hotel Puthyvuth president of the Federation of Cambodian Rice said studying on federal funding of $ 500 million to save Cambodia's rice. Still, he was not sure that this is enough capital that can help achieve the plan of exporting.
Although rice exports total in Cambodia in 2015 to overseas markets only 53 thousand tons, accounting for over 50 percent of the plan, 1 million tons However, Cambodia is still not abandoned the plan and also called on the private sector to jointly strongly to support the fields of rice to Cambodia.
Really need the participation of the private sector rice all together to achieve a plan to export 1 million tons. In addition, it also depends on the project capital of approximately US $ 500 million from partners as well, if the project fund-raising success as planned, it will help strengthen the sector cultivation using irrigation equipment produced rice and modern techniques of rice gets more and stockpile rice, long-term and so on.
Said Prime Minister of Cambodia recently noted that the factors that made Cambodia fail before policy rice exports to one million tonnes in 2015 due to Cambodia shortage of rice milling rice warehouses and money just to buy the grain can not be much.