Cambodia's rice exports to China on the rise

2019-05-08 03:00:07

(MENAFN) Cambodia's rice exports to China had increased after the European Union (EU) imposed tariffs on rice from the kingdom.

In January, the bloc has imposed duties for three years on rice importing from Cambodia attempting to curb an increase in rice imports from the kingdom and protect European producers.

The EU brought back the normal customs duties of 175 euros per ton in year one, progressively reducing it to 150 euros per ton in year two and 125 euros per ton in year three.

In its Cambodia Economic Update, the World Bank said: "As a result, in February 2019, Cambodia's milled rice exports to the EU reached only 10,080 tons or a 57.8-percent month-on-month decline."

MENAFN0805201900450000ID1098491400

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.