Logo of Phnom Penh Post newspaper Phnom Penh Post - ARDB probes rice mill debtors to ensure effective paddy buys

ARDB probes rice mill debtors to ensure effective paddy buys

Content image - Phnom Penh Post
The Kingdom exported 2,383,150 tonnes on paddy in January-August, up by 85.93 per cent. YOUSOS APDOULRASHIM

ARDB probes rice mill debtors to ensure effective paddy buys

The Agricultural and Rural Development Bank of Cambodia (ARDB) director-general Kao Thach called on mill owners who have received loans under a special government financing scheme to continue buying paddy from rice farmers at market rates, as the rainy season enters its peak.

Thach made the remark at one of seven rice mills that he visited from September 15-17 in major rice-producing provinces, including Battambang, Pursat, Kampong Chhnang, Banteay Meanchey and Pailin.

The purpose of the visits was to examine how effective rice mill owners are at using credit obtained through ARDB under the scheme.

Thach also urged mill owners to do their part to ensure the effective implementation of agricultural contracts, so as to stabilise the prices of paddy and maintain balance in the rice market for the benefit of farmers.

“To all mill owners, please continue to buy paddy from farmers as much as possible and follow market prices,” he said.

The owner of Ngoub Hong rice mill in Kampong Thom province told The Post that he had received a $300,000 loan under the scheme to buy paddy from farmers, noting that October marks the end of the rainy season as the month with the most rainfall.

“We plan to order paddy and fill the warehouse until full capacity, and sales have remained constant. We will not rest, we’ll buy about 300 tonnes of paddy a day at market rates,” he said.

Cambodia Rice Federation (CRF) secretary-general Lun Yeng in August said that as of early that month, CRF members who own rice mills and other companies had received about $50 million in special government loans through ARDB for working capital to buy paddy from farmers during the harvest season.

But that amount may be even higher, he admitted, noting that due to client confidentiality rules, “only ARDB can confirm”.

The ARDB noted in a statement last month that it has received millions in government funds to raise capital for the rice milling industry to buy paddy from farmers, stabilise paddy prices, and increase stocks to supply processing plants and meet domestic demand and satisfy export needs.

Minister of Agriculture, Forestry and Fisheries Veng Sakhon recently revealed that in the first eight months of 2021, Cambodia exported a total of 2,726,597 tonnes of rice worth $685.15 million.

Of that, paddy accounted for 2,383,150 tonnes, surging by 85.93 per cent over the same period in 2020, and milled-rice exports were 343,447 tonnes, down by 23.37 per cent year-on-year.


  • Research key to Kanitha’s rep for expertise

    Sok Kanitha is used to weighing in on controversial issues using a confident approach that signals expertise and authority, and a recent video she made was no exception. Her “Episode 342: The History of NATO” video went live on January 16, 2023 and immediately shot to 30,000 likes and 3,500

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Knockout! Kun Khmer replaces ‘Muay’ for Phnom Penh Games

    Cambodia has decided to officially remove the word Muay from the programme of the 32nd Southeast Asian (SEA) Games 2023 in May. “Kun Khmer” will instead be used to represent the Southeast Asian sport of kickboxing, in accordance with the wishes of the Cambodian people. Vath

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • New int’l airport nearly half complete as travel industry returns to life

    Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. The figure

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,