Export Statistics
Cambodian Rice Quotes (Updated 24-30, July, 2017)
Variety
&
Percentage
Premium 
Jasmine
Rice 
(Rumduol)
Purity 

90%
Wet Season
Jasmine
Rice
(Rumduol)
Purity
>
85%
Wet Season

Fragrant Rice
(Sen Kra Ob)

>

85%
Dry Season

Long Grain White Rice IR
5% 700 695 590 420
10% 695 690 585 415
25% .... .... .... 400
A1 Extra Super .... .... .... ....
A1 Super .... .... ....  

FOB Term US$/Ton Phnom Penh or Sihanouk Ville Port (Min Order 10 Containers) 

Cambodian Premium Red and Organic Rice Quotes ( Update July-Dec 2017 )

Variety
&
Percentage
Organic (Phka Malis) 
Jasmine Rice
= 92%
Wet Season
Organic Brown Jasmine Rice
(Phka Malis)
Purity = 92%
Wet Season
Red Jasmine Rice
(Phka Malis)
Wet Season
5% 1,417 1,260 1,445
10% .... .... ....
25% .... .... .....
A1 Extra Super .... .... .....
A1 Super ..... .... .....

FOB Term US$/Ton Phnom Penh or Sihanouk Ville Port

World Rice Quotes Comparison (Update July 24, 2017)

Country
Variety
CAM VIETTHAIINDPAKMY
Jasmine Rice  700 ... ... ...  ...  ... 
Fragrant Rice (SKO) 590 ... ... ...  ...   ...
 White Rice
100% B
 ...  ...  ...  ...  ...  ... 
 White Rice
5%
 420 ...  ...  ...  ...  ...
 White Rice
10%
 415 ... ...  ...  ... ...
 White Rice
15%
... ...  ...  ... ... ...
 White Rice
25%
 400 ...  ...  ...  ...   ... 
 Parboiled Rice ... ... ...  ... ... ...

FOB Term US$/Ton 

Cambodian Rice Exported by Months 2013 to 2017

Monthly20132014201520162017
1. Jan 25,726 21,536 35,921 44,033   48,820
2. Feb 24,089 27,037 37,676 51,912  60,731
3. Mar 45,413 35,757 75,867 66,275  57,127
4. Apr 23,276 35,961 51,719 39,550  45,716
5. May 28,350 27,971 41,842 32,558 45,243 
6. Jun 29,105 29,666 40,800 33,862  30,925
7. Jul 31,411 26,060 28,492 24,087  
8. Aug 29,358 29,871 29,819 27,799   
9. Sep 29,395 35,511 26,969 41,429  
10. Oct 28,031 35,418 439,06 60,016  
11. Nov 37,855 31,137 48,748 58,168  
12. Dec 46,847 51,136 81,479 62,455   
Yearly
Export
378,856 387,061 538,396 542,144

288,562 

Sources: Mekong Oryza - Cambodia Rice Federation CRF 

Top Countries Imported Cambodian Rice Monthly 2014-2017

Monthly
/Tons
FRAPOLCHINAMALNETBEL
Year 2014 70,077 55,938 48,980 48,120 32,024 18,515
Monthly
/Tons
CHINAFRANETMALPOLUK
Year 2015 116,639 75,257 58,410 54,914 58,410 18,557
Monthly
/Tons
CHINAFRANETMALPOLUK
Year 2016 127,460 78,329 28,690 38,877 64,035 17,673
2017 CHINA FRA NET MAL POL

UK

Jan 18,383 8,230 2,219 529 4,760 2,432
Feb 28,004   7,088 2,960   529  4,376 3,954 
Mar 21,095  5,688   2,471 2,162  3,778   4,285
Apr  13,950  6,842 2,056 2,092  3,789 4,588
May  7,337  5,611  3,217  1,553  6,333 5,363 
Jun  5,951 3,862  1,971  1,265  2,603  647 
Jul            
Aug            
Sep            
Oct            
Nov            
Dec            
12
months
94,720 37,321 14,894 8,130 25,639 21,269

Sources: Mekong Oryza 

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Bank trims rate to coax millers
Posted: Sep 27, 2016

The state-owned bank entrusted with extending $27 million in emergency loans to millers to purchase rice paddy has marginally lowered the interest rate on these conditional loans in an effort to shorten some of the strings attached.

The Rural Development Bank (RDB) announced late on Sunday that it would lower the annual interest rate on loans to rice millers to 7 percent, from 8 percent.

Kao Thach, the bank’s CEO, said yesterday that the revised interest rate aimed at helping farmers get more revenue from the sale of paddy rice by encouraging millers to accept a floor price. Under the terms of the lending package announced last week, millers who accept the loans are required to purchase paddy rice from farmers at $210 per tonne at the farm gate or $225 per tonne at their warehouse.

The package’s announcement came after the farm-gate price of paddy rice fell precipitously from $240 per tonne in August to $192 per tonne earlier this month.

“We think it is a suitable interest rate,” Thach said of the revised rate. “Many millers have suggested that we lower the interest rate much more than this, but this new rate is reasonable and acceptable for many people.”

None of the loans have been disbursed yet, Thach said, explaining that the bank is still evaluating the applicants. He expects the first loan to be issued later this week.

According to RDB’s announcement, the bank has received loan applications primarily from millers in Battambang, Pursat and Pailin provinces, with a combined 8,000 tonnes of paddy rice offered as collateral. The bank has agreed to provide loans up to 70 percent of the collateral’s value, which suggests a total of $1.26 million could be disbursed to these millers.

Phon Nary, director-general of Heng Huch Rice Mill in Battambang province, said while the RDB’s 7 percent interest rate was lower than the going rate at commercial banks, the stipulation that the funds must be used to purchase paddy from farmers at the above- market rate of $210 per tonne “makes things difficult”. At that price, millers have no margin for profit, he said.

“We know if we buy paddy at a very low price, farmers will die. But, if we buy paddy from farmers at a high price and sell milled rice at a low price, we will also die,” he said.

Nary explained that the market price of milled rice has also dropped, falling from $620 per tonne in August to about $550 per tonne. At that price – factoring in the costs of electricity, transport, labour and milling – he said millers could squeak by with a profit. However, heavy competition has pushed some local millers to offer their product at just $500 per tonne.

“The price of milled rice is decreasing, but we’re required to buy paddy at an above-market price,” he said. “We might take a loss and so we don’t dare to take the loans.”

Song Saran, CEO of Amru Rice, said that he is currently tapping his company’s reserve funds to purchase paddy from farmers, but might consider taking a loan from RDB when the main rainy season harvest of fragrant rice begins next month.

He said at 8 percent annual interest, many rice millers would prefer to borrow from a commercial bank, even at a slightly higher rate, in order to avoid the conditions attached to the RDB loan. However, by lowering the interest rate to 7 percent, the bank has made it more appealing.

“We want a 6 percent annual rate, but 7 percent is at least a bit better and acceptable for the majority [of millers],” he said.

The government’s announcement of emergency loans to millers and its call for officials and wealthy patrons to purchase paddy from farmers have had some effect on stabilising rice paddy prices, according to farmers, though prices remain low.

Seung Soda, who farms rice on his 12-hectare farm in the Sangke district of Battambang province, said he sold his paddy for a low $188 per tonne – though this was higher than the prices he was offered last week.

“The price is better than before, but we cannot earn profit from it yet,” he said.

By Hor Kimsay, The Phnom Penh Post

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