Bangladesh Agrees to Purchase 250,000 Tons of Cambodia’s Milled Rice

Bangladesh has agreed to buy 250,000 tons of milled rice from Cambodia, said the Ministry of Commerce in a news release issued after the visit of a Cambodian delegation to Bangladesh to discuss in detail the rice trade deal reached early this month by both countries.

This move will contribute to the Royal Government of Cambodia (RGC)’s efforts in increasing the trade value and boosting the economic growth as well as in implementing its policy of exporting at least 1 million tons of milled rice a year, it underlined.

On Aug. 2, the RGC and the Government of Bangladesh signed a memorandum of understanding on the purchase of one million tons of milled rice from Cambodia for five years (2017-2022), starting from this coming October.

Bangladesh becomes thus the second largest market for Cambodian rice, after China who has increased the importing quota for Cambodian milled rice to 200,000 tons and 300,000 tons in 2017 and 2018, respectively.

In the first semester of 2017, Cambodia exported a total of 288,562 tons of milled rice to 56 countries and region, up 7.6 percent compared to the same period a year earlier, according to official figures.

Source: Agency Kampuchea Press