Cambodian Rice Federation Appeals to EU to Save Livelihoods of 500,000 families

Adam Xie · Post by **Adam Xie** » Thu Aug 22, 2019 4:28 pm

Fresh news

Phnom Penh (FN), Aug. 22 - In the first six months of 2019, Cambodia exported more than 137,000

tons of rice to the European Union (EU). That is a lot of rice, but it is half the amount that was exported
during the same period in 2018, according to Cambodian Rice Federation (CRF).

“As of the first of this year, the EU imposed duties on Cambodian rice in order to protect domestic producers. This has been acutely felt by most of the 500,000 families who eke out a living farming jasmine and fragrant long grain rice, in spite of the fact that these varieties are geographically specific and do not compete directly with products grown in the EU, CRF wrote in its press release dated Thursday.

http://en.freshnewsasia.com/index.php/e ... 30-35.html

Could it be Government is playing the tough guy role meanwhile business association playing the begging role, (as response to EU's decision to withdraw EBA)

Phnom Poon · Post by **Phnom Poon** » Thu Aug 22, 2019 4:33 pm

didn't their chinese buddies step in to make up the difference, no?

armchairlawyer · Post by **armchairlawyer** » Thu Aug 22, 2019 5:16 pm

Presumably the shortfall was sold, but at a lower price.
If they only lost 50% of their sales to the EU, I would say they did a good marketing job.
Looking at the data, the price of Jasmine rice is currently $416 per ton and the tax imposed by the EU from 18 January 2019 is 175 euros (currently $193) per ton. In which case the price to the EU buyer increased by 46%.

miciur · Post by **miciur** » Thu Aug 22, 2019 9:10 pm

armchairlawyer wrote: ↑Thu Aug 22, 2019 5:16 pm Presumably the shortfall was sold, but at a lower price.
If they only lost 50% of their sales to the EU, I would say they did a good marketing job.
Looking at the data, the price of Jasmine rice is currently $416 per ton and the tax imposed by the EU from 18 January 2019 is 175 euros (currently $193) per ton. In which case the price to the EU buyer increased by 46%.

Falls!
Cambodian Jasmine rice price around 850-900$/MT !!
IR white rice price around 420-470$/MT!!
Usually they are FOB prices!
Transport around 150$/MT
Plus EU extra tax 193$/MT
Cambodian Jasmine rice around 1150-1200$/MT when arrive to European port!
Thank you Italy!!

CEOCambodiaNews · Post by **CEOCambodiaNews** » Thu Aug 22, 2019 10:32 pm

More information on Cambodian rice here:
business-and-finance/cambodian-rice-hot ... 28-10.html
the-barnyard/everything-you-wantedto-kn ... 26703.html

On the EU tariffs on Cambodian rice:
newsworthy/impose-rice-tarrifs-cambodia-t26005.html