Mega Green Company plans to export up to 50,000 tonnes of rice in 2011, largely due to increased demand from the European Union, according to Director General Outh Renne. The firm claims to have already shipped 10,000 tonnes to Europe in 2011 to date. Mega Green’s processed rice sold for prices beginning at US$385 a tonne, with prices rising for higher quality product, he said.
Meanwhile, the Food and Agricultural Organisation’s April rice market monitor report released yesterday bumped up its estimate for the Kingdom’s 2010 crop to 8.3 million tonnes, from 8 million tonnes previously. “A considerable surplus from a record 2010 crop is anticipated to enable Cambodia to step up 2011 exports by 8 percent to 1.4 million tonnes, the bulk of which is expected to flow unrecorded, mainly to Vietnam and Thailand,” it said. It said Cambodia’s 2011 rice crop could hit 8.5 million tonnes, though it noted the main crop was planted in June.
Source : The Phnom Penh Post