China continues to be the top buyer of rice from Cambodia, with 50 percent of the market share and more than 30 percent of the EU market.
As the free trade agreement between Cambodia and China has pushed the bilateral trade between the two countries, especially factors of close relations between government and government, Saran said in a forum on business and investment opportunities in the agriculture sector held last Saturday.
Speaking of the EU market, Saran said the EU market is a long-term market, although the level of growth does not exceed 200,000 to 300,000 tons per year.
“These two markets are very potential markets for Cambodia, which can promote exports quickly and without wasting time,” Saran said.
“The model for those in the agro-food processing sector is only two markets that we must try to grab China and Europe which are possible. Other markets are still complex,” he said.
Cambodia exported more than 2.4 million tons of agricultural products to China from 2019 to June 2022, earning gross revenue of $1.94 billion, Minister of Agriculture, Forestry and Fisheries.
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Author: Chea Vanyuth
Source: Khmer Times
September 07, 2022
