Cambodia’s Rice Exports Flourish in 2024, Generating $491 Million in Revenue
PHNOM PENH, Jan. 11 (Xinhua) — Cambodia’s rice export sector has achieved remarkable success in 2024, with the country shipping 651,522 tonnes of milled rice and earning a staggering $491 million in revenue, according to a recent proclamation by the Cambodia Rice Federation (CRF). This milestone underscores the Southeast Asian nation’s growing influence in the global agricultural trade.
The CRF revealed that 57 companies were responsible for exporting the kingdom’s milled rice to 68 countries and regions last year. Among these, China emerged as a key market, purchasing 117,925 tonnes of milled rice and contributing $75.6 million to Cambodia’s export revenue.“About 76.15 percent of the exported milled rice was fragrant rice, 18.7 percent was white rice, 3.1 percent was parboiled rice, 1.78 percent was organic rice, and 0.27 percent was other types of rice,” said CRF Secretary General Lun Yeng. This diversification highlights Cambodia’s ability to cater to a wide range of international tastes and preferences.
Im Rachna, an undersecretary of state and spokesperson for Cambodia’s Ministry of Agriculture, Forestry and Fisheries, emphasized the importance of China as a major market for the country’s agricultural produce. “china is one of the major markets for Cambodia’s agricultural produce,” she stated, reflecting the strong trade ties between the two nations.
Key Highlights of Cambodia’s Rice Exports in 2024
Table of Contents
| Metric | Details |
|—————————|—————————————————————————–|
| Total Exported Rice | 651,522 tonnes |
| Total Revenue | $491 million |
| Top Export Destination | China (117,925 tonnes, $75.6 million) |
| Number of Exporting Firms | 57 |
| Number of Importing Countries | 68 |
| Rice Varieties Exported | Fragrant (76.15%), white (18.7%),Parboiled (3.1%), Organic (1.78%), Others (0.27%) |
The success of Cambodia’s rice exports in 2024 builds on the momentum from previous years.In 2020, the country exported 654,287,000 kg of rice, earning $470.66 million, with China being a significant buyer at $167.85 million [[1]]. This upward trajectory continued into 2024, with the sector achieving new heights and solidifying Cambodia’s position as a key player in the global rice market.
The CRF’s efforts to promote high-quality rice varieties, notably fragrant rice, have paid off, as evidenced by the overwhelming demand for this premium product. The federation’s strategic focus on diversifying export markets has also ensured that Cambodia’s rice reaches a broad spectrum of consumers worldwide.
As Cambodia continues to strengthen its agricultural trade, the future looks promising for the kingdom’s rice industry. With robust partnerships, particularly with China, and a commitment to quality, cambodia is poised to remain a leading exporter of rice in the years to come.
for more insights into Cambodia’s agricultural achievements, explore the latest updates from the Trade Council.
Cambodia’s Rice Export Success in 2024: A Deep Dive with Agricultural Expert Dr. Sopheak Vann
In 2024,Cambodia’s rice export sector achieved a remarkable milestone,generating $491 million in revenue by shipping 651,522 tonnes of milled rice to 68 countries. This success highlights the nation’s growing influence in the global agricultural trade, with china emerging as a key market. To better understand the factors behind this achievement, we sat down with Dr. Sopheak Vann, an agricultural economist and expert on Southeast Asia’s rice industry. Dr. Vann shares insights into Cambodia’s export strategies, the role of fragrant rice, and the importance of international partnerships.
Cambodia’s Rice Export Milestones in 2024
Senior Editor: Dr. Vann, cambodia’s rice exports reached $491 million in 2024, a significant achievement. What do you think drove this success?
Dr. Sopheak Vann: Thank you for having me. The success of Cambodia’s rice exports in 2024 can be attributed to several factors. First, the Cambodia Rice Federation (CRF) has been instrumental in promoting high-quality rice varieties, notably fragrant rice, which accounts for over 76% of exports. This focus on premium products has helped Cambodia carve out a niche in the global market. Additionally, the diversification of export markets to 68 countries has reduced reliance on any single market, ensuring stability and growth.
The role of China in Cambodia’s Rice Exports
Senior Editor: China is a major buyer of Cambodian rice, purchasing 117,925 tonnes in 2024. How has this partnership evolved, and why is China such a critical market?
Dr. Sopheak Vann: China has been a strategic partner for Cambodia’s agricultural sector for years. The strong trade ties between the two nations have been bolstered by Cambodia’s ability to meet china’s demand for high-quality rice, especially fragrant rice. China’s growing middle class has shown a preference for premium rice varieties, and Cambodia has capitalized on this trend. moreover, the geographical proximity and favorable trade agreements have made China a natural and reliable market for Cambodian rice.
Diversification of Rice Varieties and Export Markets
Senior Editor: The CRF highlighted that Cambodia exported a variety of rice types, including fragrant, white, parboiled, and organic rice. How vital is this diversification for the industry?
dr. Sopheak Vann: Diversification is crucial for sustaining growth in the rice export sector. By offering a range of rice varieties, cambodia can cater to different consumer preferences and market demands. As a notable example, fragrant rice is highly sought after in Asia, while organic rice appeals to health-conscious consumers in Europe and North America.This strategy not only broadens Cambodia’s market reach but also mitigates risks associated with fluctuations in demand for specific rice types.
The impact of the Cambodia Rice Federation (CRF)
Senior Editor: The CRF has played a pivotal role in promoting Cambodia’s rice exports.Can you elaborate on their contributions?
Dr. Sopheak Vann: Absolutely. The CRF has been a driving force behind Cambodia’s rice export success. They have focused on improving the quality of rice through better farming practices and post-harvest technologies. Additionally,the CRF has actively promoted Cambodian rice in international trade fairs and exhibitions,raising its global profile. Their efforts to streamline export processes and support local rice millers have also been critical in ensuring that Cambodia remains competitive in the global market.
Looking Ahead: The Future of cambodia’s Rice Industry
Senior Editor: With such impressive growth, what does the future hold for Cambodia’s rice industry?
Dr. Sopheak Vann: The future looks very promising. Cambodia has established itself as a reliable supplier of high-quality rice, and with continued investment in agricultural innovation and infrastructure, the sector is poised for further growth. Strengthening partnerships with key markets like China, and also exploring new opportunities in emerging markets, will be essential. additionally, the focus on sustainable farming practices and organic rice production aligns with global trends, positioning Cambodia as a leader in the industry.
Senior editor: Thank you, Dr. Vann, for sharing your expertise. It’s clear that Cambodia’s rice industry is on an upward trajectory, and your insights have shed light on the factors driving this success.
Dr. Sopheak Vann: Thank you for the opportunity. I’m optimistic about the future of Cambodia’s rice exports and look forward to seeing how the industry continues to evolve.
For more updates on Cambodia’s agricultural achievements, visit trade Council.
