Illustrative photo (Source: khmertimeskh.com) Hanoi (VNA) – Bangladeshsigned a memorandum of understanding (MoU) with Cambodia on August 2 to buy 1million tonnes of rice within the next five years.
Cambodia's Commerce Minister PanSorasak revealed the information after signing the deal with Bangladeshi FoodMinister Kamrul Islam in Phnom Penh.
Under the agreement, Bangladesh will purchase 200,000 tonnes of white rice and 50,000 parboiled rice from Cambodia thisyear, he said, adding that his country will be able to export rice to Bangladeshthis October.
Bangladesh, the world's fourth-biggest rice producer, has become a majorimporter of the grain this year after flash floods in April hit domesticoutput.
Cambodia said this is their biggest rice export deal, and also plans to renew aMoU with Indonesia as well.
"We want to push for a1-million-tonne deal with Indonesia," said Cambodian Commerce Ministry SpokeswomanSoeng Sophary.
Cambodia exported 288,562 tonnes ofrice in the first six months of this year, an increase of 7.6 percent compared tothe same period last year.
Though the country was hit by drought, it exported 542,144 tonnes of rice lastyear.-VNA
VNA
