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2 million tones of rice for export in 2009 November 2, 2008

Posted by chandrapong007 in Cambodia, Economics.
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 Cambodia plans to set up rice store for export

Cambodia will set up a rice store capable of stocking about two million tones of rice for export in 2009, officials said on October 31.

The move is seen as an effort by the Cambodian government to prevent price shocks and shortage rumour like in 2008.

In April, 2008, Cambodian Prime Minister Hun Sen ordered a temporary ban on rice exports. The order was misunderstood that Cambodia was lack of rice, driving prices in Cambodia’s market uncomfortably high.

Addressing a forum on rice on October 30, Cambodian agricultural officials stressed that they would seek to prevent a similar scenario in the future with their exports stock, which would be put under the control of the Ministry of Commerce.

Source: http://small-business-voip.tmcnet.com/news/2008/11/01/3752353.htm

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