Rice exporter turns to Cambodia
- Published: 25 Jan 2013 at 15.53
- Online news:
Capital Rice Ltd, Thailand's third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship.
"We have built a medium-sized milling house in Cambodia, expecting to start processing rice and export by the first quarter of this year," Wanlop Pichpongsa, the deputy managing director, told Reuters.
For the moment, Capital's plans for Cambodia are modest: this year it expects to export around 30,000 tonnes of rice, whereas in normal years it used to handle around 20% of exports from Thailand or some 2 million tonnes.
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