Falling exports prompting farmers, exporters to find ways to ensure sustainability of rice bowl
Rice farmers are looking at technology to turnaround their livelihood, and the industry ultimately
Cambodia milled rice (fragrant rice) exports to its single largest market European Union dropped 33.87 percent to 65,552 tonnes between January and April, 2019 from 99,138 tonnes in 2018, signalling a significant fall on the heels of the bloc’s safeguard clause instituted this January 19.
The economic tariffs on rice exports to the EU were mainly at the behest of Italian rice producers who could not compete with imported rice. As seen in trade wars, we are likely to see more of this sort of action – certainly among the major trading blocks.
Shortly after the EU rice tariff imposition, rice farmers have to face climate risks and rising debt
Even without the removal of Everything but Arms, Cambodia’s economy is vulnerable to slowing garment, footwear and rice exports