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Cambodia’s rice exports not impacted by Russia-Ukraine crisis
The Russia-Ukraine conflict will have no significant influence on Cambodia’s rice exports, according to the Cambodia Rice Federation (CRF).
Concerns have been raised about potential supply chain disruptions as a result of the war or sanctions levied against Moscow and Russian entities.
However, CRF Secretary-General Lun Yeng said that neither the Eastern European country was a major buyer of Cambodian milled-rice, and hinted that the ongoing conflict and associated events would be highly unlikely to substantially disrupt the routes used to move the staple grain around the world.
According to the CRF, Cambodia shipped just 17,512 tonnes of rice to Russia in the five years from 2017-2021, or 0.55 percent of the total 3.19 million tonnes exported globally. Last year, alone Russia bought 2,223 tonnes – worth about $1.96 million.
In January and February this year, Cambodia shipped 200 tonnes of milled rice to Russia worth $200,640 or 0.19 percent of the global total export volume for the two months.
Meanwhile, milled-rice exports to Ukraine over 2017-2021 clocked in at just 572 tonnes, CRF statistics showed.
The Ministry of Agriculture, Forestry and Fisheries reported that Cambodia exported a total 103,058 tonnes of milled rice to international markets in January-February, increasing by 26,836 tonnes or 35.21 percent year-on-year, from 76,222 tonnes.
China was the largest buyer of Cambodian milled rice over the two months, accounting for 56,385 tonnes, up by 49.84 percent year-on-year, followed by 20 European countries with 26,507 tonnes, up 39.54 per cent. VNA