The Agriculture and Rural Development Bank (ARDB) urged all rice mill owners to buy rice from farmers at a market price through ARDB loan support, as the government aims to collect over one million tonnes for export, a Battambang Chamber of Commerce press release said.
Kao Thach, Director-General of ARDB, held a meeting with the rice miller and exporters from Pursat, Battambang and Banteay Meanchey provinces at the office of Battambang Chamber of Commerce.
During a meeting, Kao Thach encouraged all millers to help buy rice from farmers as much as possible at the market price. He hoped all owners will work together in solidarity to improve farmers’ livelihoods and successfully export one million tonnes of rice according to the government plan.
He assured that ARDB will continue to provide loans to the rice mill
owners to purchase rice from farmers in the upcoming harvest season. He recommended setting up many rice markets in their areas to make it easier for farmers to gather and sell it out which could reduce the cost of transportation of the farmers.
Kao Thach also urged the representatives of rice buyers to make payments through the application of ARDB bank when purchasing agricultural products, which can be transferred to other banks easily and quickly.
In addition, he suggested all rice millers apply for additional loans from the ARDB bank in case of lack of
funds. The banks only require some information to approve a load or stockpile of rice as collateral.
The bank will monitor the use of loans under the special financing scheme of the government to ensure the stability of rice prices provided through ARDB at the location of five rice mill factories in Maung Russey district, Battambang and Banteay Meanchey province. He asked them to be united, not to compete with each other but to work together to promote the prosperity of the rice sector in the country.
Two big firms – Amru Rice Cambodia and Cambodian Agriculture Cooperative Corporation (CACC), the largest buyers of Preah Vihear province’s organic products – have extended their order of organic rice and cassava from 31 agricultural cooperatives in the province this year. The contracts were signed in the provincial city this morning under the presidency ofKim Rithy, Governor of Preah Vihear province. Under the contracts, Amru Rice Cambodia will purchase a total of 16,000 tonnes of organic rice while CACC will order 25,000 tonnes of organic cassava and 10 tonnes of organic peanuts. In addition, Amru Rice Cambodia has provided credit of 59,400 kilogrammes of registered Romduol rice variety for the province to contribute to increasing rice yields and quality for export to international markets. PeungTrida, Director of Preah Vihear Provincial Department of Agriculture, Forestry and Fisheries, stated that in 2022, a total of 28,000 tonnes of organic agricultural products, including 15,080 tonnes of organic rice, 13,000 tonnes of organic cassava, and 5 tonnes of organic peanuts. were produced and supplied by contract by more than 5,000 farmer families. Oknha Song Saran, CEO of Amru Rice Cambodia, is committed to boosting Preah Vihear organic rice promotion and export to a wider global market in order to further enhance the reputation of Preah Vihear rice in the international arena. For his part, HE Kim Rithy spoke highly of the well-coordinated efforts of all stakeholders, with the coordination of the Provincial Department of Agriculture, Forestry and Fisheries, leading to the subsequent achievement in terms of contract farming, which can be considered as a procedure for producers and buyers to move in a specific direction together with transparency, truthfulness and mutual trust. Organic rice and cassava in Preah Vihear province are known to be the largest organic agricultural products in Cambodia. Heng Panha – AKP