Cambodia Lifts Ban On Rice Exports

The Cambodian government has decided to lift its ongoing ban on rice exports reducing global concerns over supplies of the grain, saying the country has enough rice for its own domestic needs.

According to Cambodian Prime Minister Hun Sen, even though the ban is lifted but exports must go through the government system and will be limited to 1.6 million MT, so that the country can maintain its reserves.

Cambodia had banned rice exports in a march this year in order to bid to halt the staple food's spiraling prices, which have doubled this year to record highs of nearly one dollar a kilogram on the local market.