Cambodia's rice industry is experiencing a significant surge in exports, with the first two months of 2024 witnessing a remarkable feat....
Cambodia's rice industry is experiencing a significant surge in exports, with the first two months of 2024 witnessing a remarkable feat. According to the latest report from the Cambodian Rice Federation, the country has exported an impressive 90,153 tonnes of milled rice. This achievement underscores Cambodia's growing prominence as a key player in the global rice market.
The press release from the Cambodian Rice Federation, disclosed on March 9, revealed the extent of the country's export success. With 40 rice exporters actively participating, Cambodia managed to reach 50 destinations worldwide. This accomplishment not only highlights the diversity of Cambodia's export network but also showcases its ability to cater to varied market demands.
Among the 50 destinations, Cambodia's milled rice found its way to 22 European Union countries. With a total export volume of 51,333 metric tonnes, valued at $38.37 million, European markets continue to be a significant consumer of Cambodian rice. Additionally, 5 ASEAN countries, including East Timor, imported 18,753 metric tonnes worth $13.36 million, further solidifying regional trade ties.
China, encompassing Hong Kong and Macau, emerged as another crucial destination for Cambodian rice, importing 11,083 metric tonnes valued at $6.81 million. Furthermore, Cambodia expanded its reach to 13 other destinations across Africa, the Middle East, and the Americas, exporting 8,984 metric tonnes valued at $6.90 million.
The types of milled rice exported from Cambodia showcased a diverse range of offerings. Fragrant rice dominated the export portfolio, accounting for 84.72% of the total exports. Following closely behind were white rice, constituting 11.53%, steamed rice at 2.17%, and organic rice at 1.70%. This diversity in rice varieties reflects Cambodia's ability to cater to the preferences of different markets.
In addition to milled rice exports, Cambodia also exported a substantial volume of paddy rice, totaling 1,368,322 tonnes. The estimated value of these exports stands at an impressive $3,395.72 million, further bolstering Cambodia's economy. Notably, 65% of the paddy rice exports were facilitated through the certification of export authorities, ensuring adherence to international trade standards.
The robust performance of Cambodia's rice exports in the first two months of 2024 bodes well for the country's agricultural sector. With continued efforts to enhance production capabilities, improve quality standards, and explore new markets, Cambodia is poised to further solidify its position as a leading exporter of rice globally.
In conclusion, Cambodia's rice industry has demonstrated remarkable resilience and adaptability in the face of evolving market dynamics. As the country continues to harness its agricultural potential, the future looks promising for Cambodia's rice exports, contributing significantly to its economic growth and development.
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