Cambodian Government Prepares Rice Stockpile

According to media reports, the Cambodian government has prepared enough stockpile of rice in case that the price of rice and paddy rice might increase during the just-started rainy season.

According to Son Kunthor, general director of the Rural Development Bank of Cambodia (RDBC), the Cambodian government has bought around 150,000 MT of rice for stockpile with the US$10 million earmarked in March, in order to fend off any negative influence from the rainy season and the fluctuation in the global rice market.