Minister of Commerce Cham Nimul announced that her ministry is currently negotiating a 20% increase in the export of Cambodian milled rice to China. The most recently agreed-upon quota was 400,000 tonnes in a 17-month period, which expired in June.
Nimul provided updates on the negotiations during a meeting to review the results of 2023 and set the direction for the ministry in 2024.
During the December 22 meeting, she explained that the ministry is currently negotiating a seventh memorandum of understanding (MOU) with China for milled rice exports. If successful, the new MoU will result in a 20 per cent increase for 2023-24.