Cambodia’s Rice Exports Decline by 7.2% in First Two Months of 2024
Published on: March 10, 2024.
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Cambodia’s Rice Export Decreased in First Two Months of 2024
In the first two months of 2024, Cambodia experienced a decrease in its rice export compared to the same period in 2023, according to a report by the Cambodia Rice Federation. The country exported 90,153 tons of milled rice, which is a 7.2% decrease from the 97,153 tons exported in the previous year. The total revenue from rice export during the January-February period also reduced by 9.9%, with a total of 65.4 million U.S. Dollars earned compared to 72.6 million dollars in 2023.
Despite the decline in export volume and revenue, Cambodia’s rice reached a significant number of countries and regions. In fact, 40 exporters were responsible for shipping the rice to 50 different destinations. China emerged as the largest importer of Cambodian rice during this period, with 11,083 tons of milled rice exported, generating a gross revenue of 6.81 million dollars.
Cambodia’s rice export featured various rice varieties, including fragrant rice, white rice, parboiled rice, and organic rice. The versatility and diversity of the country’s rice offerings contribute to its global presence.
In an effort to expand its market reach, Cambodia is actively seeking new markets for its rice. The country’s focus is on countries that have free trade agreements with Cambodia. This strategy aims to enhance trade opportunities and increase the overall demand for Cambodian rice.
Cambodia’s rice export industry plays a crucial role in the country’s economy, and efforts to bolster its presence and competitiveness in the global market are ongoing. With its rich and diverse rice production, Cambodia remains a significant player in the international rice trade.
For more information on the rice exporters from Pakistan, visit https://www.hasrice.com.
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