Ministry of Commerce sign MOU with Banglades on buying 1 million tons of rice

Summary Content
The Ministry of Commerce is preparing to summon Cambodian mills to collect their purchases by signing agreements with the Rice Federation CRF, after signing a memorandum of understanding with Bangladesh on buying 1 million tonnes of rice for 5 years On August 2.
Mr. Pan Sour Seng,  the Minister of Commerce said “After signing a Memorandum of Understanding with the Minister Of Bangladesh, we will continue to sign MoU with the private sector to collect rice for sale to Bangladesh, “he added, adding that the acquisition would be Through the leadership of Green Trade and the Cambodian Rice Federation.
The two sides signed a memorandum of understanding on rice procurement from 2017 to 2022, which the Cambodian side is required to collect. Total rice of 1 million tons, of which Cambodia was sold to Bangladesh 250,000 tons per year 20 Thousands of tons of rice and 50,000 tons of steamed rice are sold at market prices. Cambodia will start exporting rice to Bangladesh during October 2017.
It should be noted that Cambodia’s rice exports abroad by 2016 reached 542 144 tonnes, up 0.7 percentage points on year 2015 is 538,396 tons. For the first half of 2017, Cambodia exported 30,925 tons, According to a report from the Ministry of Commerce.