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NEWS UPDATES Asean Affairs   June 11, 2018  








Amru bags rice deals worth almost $10M

Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province.

The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy during the coming harvest season.

Also on Thursday, The Cambodian Agriculture Cooperative Cooperation – an Amru Group subsidiary – signed a purchase agreement with farmers in the same province to buy 10,000 tonnes of dried cassava, reserving about $1 million for it.

This is the fifth year in a row that Amru has secured contract farming agreements in Preah Vihear province for organic rice. However, it is the first year it is doing so for dried cassava.

While the rice harvest is from October to December, cassava farmers won’t start reaping their crop until early next year.

Amru Rice’s CEO, Song Saran, said on Thursday that the company guaranteed it would buy the crops from farmers above market value.

“We want to convert Preah Vihear into a province for organic paddy production,” he said, adding that the cassava purchasing agreement is small as it is meant to test the market.

“With greater support from the market, farmers can sell their crops at a higher price which will benefit their living conditions,” Saran said.

Cambodia exported organic rice for the first time in early 2002.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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