Cambodia eyes Filipino market

Business > Economics

Break for byline/break for normal. Nascent rice exporting industry is eager to ship, offering to undercut competitors.

Published: 16/05/2011 at 04:48 AM
Newspaper section: Business

PHNOM PENH: Cambodia has held high-level talks with the Philippines that could result in the country's fledgling rice-export industry competing with Thailand and Vietnam for contracts to supply the world's largest importer.

On the sidelines of the recent Asean Summit in Indonesia, Prime Minister Hun Sen offered to sell rice at lower prices than competitors in a meeting with Filipino President Benigno Aquino, according to a Cambodian government aide. The offer was made in return for investment in Cambodia's under-developed agricultural sector, said Srey Thamrong, an adviser to Hun Sen, who was present during the talks in Jakarta on May 7.

''They expressed their desire to import rice,'' he said, adding that President Aquino told Hun Sen he would appoint a team of government officials to negotiate the arrangement.

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: Writer: Steve Finch; Position: Writer

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charlieusa
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Discussion 1 : 17/05/2011 at 11:38 AM1
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we have massive amount of rice to be ready to export around the world. next year will be enormous too, because the water system will be able to supply enough, it would reached to most farm through out the country with the government built dam and channels. so most farmer could cultivate rice twice in a year. the government aimed were to cut down the poverty in the suburban area. not aiming for war with thai people. thai people should tell your government if they don't have nothing to do, please be like Prim Minister Hun Sen. should be looking for way to make people's life live better.
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Cambodia eyes Filipino market | Bangkok Post: business