China raises quota buy 2 million tons per year

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China raises quota buy 2 million tons per year



PHNOM PENH: Cambodian farmers are facing shortages rice market now, the Chinese government has decided to increase the quota to buy 20 thousand tons an official said.

Memorandum of Understanding on rice imports 2 million tons to China between Green Trade Cambodia and COFCO China on 13 October 2016 peace Palace.

Eang Sophalleth personal assistant to the prime minister told reporters after the meeting, Hun Sen and Chinese President Xi Jinping said that China has increased its export quota rice from Cambodia to China from 10 tonnes to 20 tonnes, the official said.

Xi Jinping praised the rice taste very delicious by encouraging stakeholders quality of rice to be imported Chinese market. A personal assistant to Prime Minister Hun Sen was quoted Chinese President promised to help the two sides to boost trade volume to 5 billion US dollars in 2017. In addition, the Chinese side will continue to support Cambodia's request for the development of the country from 2015 to 2019.

Samdech Hun Sen, consider increasing the quota buy 20 thousand tonnes per year is to strengthen the cooperative between the two sides. He also asked China to help in gathering, processing and exporting rice even China.

Should be well informed in 2015, Cambodia exported to international markets, some 538.396 tons, an increase of 30.1 percent compared to 2014 in the amount of 387.061 tons. But the quantity of rice exported in 2015, Cambodia has achieved just over half of the government's plan, which plans to export 1 million tons. Luxury basmati rice exports include rice, long grain rice, fragrant rice and steamed long-grain.