Cambodia, Bangladesh Reach One Million Ton Milled Rice Trade Deal

A deal on the purchase of 1 million tons of Cambodian rice for a five-year period (2017 to 2022) between Cambodia and Bangladesh was signed here this afternoon, allowing the private sector to export rice to Bangladesh from this coming October.

Cambodian Minister of Commerce H.E. Pan Sorasak and visiting H.E. Qamrul Islam, Minister of Food of Bangladesh, were the signatories.

Speaking at a press conference after the signing ceremony, H.E. Pan Sorasak said that Bangladesh will start importing milled rice from Cambodia from October onward.

In the first year of the deal, Bangladesh will buy 200,000 tons of white rice and 50,000 tons of parboiled rice, added H.E. Minister, stressing that this is the new page of bilateral cooperation between the two countries.

H.E. Qamrul Islam told reporters that the purchase of Cambodian rice will replenish Bangladesh's rice stock after the country was hit by floods.

This is the first time we choose Cambodia, H.E. Qamrul Islam said, affirming that Bangladesh believes in the quality of Cambodian rice.

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, said H.E. Pan Sorasak.

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