Easing global trade boosts rice exports in Q1
The end of rice tariffs in the EU and improved global trading conditions have boosted the Kingdom’s milled rice and paddy exports to 1,560,720 tonnes, valued at over $394.6 million , in the first three months of 2022.
The General Directorate of Agriculture reported that paddy exports increased by 13.80% year-on-year to $248,842,399, weighing 1,390,181 tonnes, while milled rice exports increased by 10.96%. % year-on-year to reach $145,810,845, or 170,539 tons.
Cambodian Rice Federation (CRF) Secretary General Lun Yeng said that despite a 12% decline seen last month, the total export volume of milled rice from January to March was “about 30,000 tonnes ” more than the volume recorded during the corresponding period of 2021.
Speaking to The Post, Yeng said that although transport costs remained high, they eased slightly thanks to additional shipping containers and better trade flows to Europe.
China continued to rank first for Cambodia among milled rice importing countries with 52%, followed by Europe with 28%, and ASEAN and other countries and territories.
Based on the breakdown, milled rice to 21 EU destinations increased by 34.51% to 47,674 tonnes while China imported 88,646 tonnes, up 3.84% year on year. on the other. The rest of the exports were represented by ASEAN and 21 other countries and territories.
“If we look at the growth rate in percentage terms, ASEAN has the most volatile growth,” he said.
The three-year-old rice import tariffs, known as safeguard measures, were imposed by the EU in 2019 after its commission found that Indica rice from Cambodia and Myanmar allegedly caused ” economic damage’ to European rice producers.
The tax was set at €175 ($190) per ton in 2019, decreasing to €150 per ton in 2020 and €125 per ton in 2021.
Meanwhile, Yeng said CRF’s target was to export 750,000 tonnes of milled rice by 2022, but given the pace of exports and a slowdown in Covid-19 cases, it could reach 800,000. tons or more this year.
“The pace of exports to China is still high, with a quota of around 400,000 tons [as stipulated in an existing memorandum of understanding (MoU) with China]. It has already exceeded 100,000 tons. If there is a new MOU with China in the future, I think milled rice exports could exceed the target,” he said.
Furthermore, the Directorate of Agriculture revealed that broken down by category of milled rice, fragrant varieties accounted for 120,422 tons (70.6% of the total), white cultivars recorded 48,827 tons (28.63%) and the parboiled rice reached 1,290 tonnes (0.76 percent).