via Khmer NZ
MANILA, July 10 (Commodity Online): World's largest rice importer, Philippines said it will provide post harvest technology along with other agricultural produce to Cambodia in exchange for rice.
Philippines Agriculture ministry said the country wants to forge a counter trade deal with Cambodia for 300,000 metric tonnes of rice during the first Philippines-Cambodia Investment and Trade Mission this week.
In a statement, it said Cambodia has a lot of exportable rice surplus. Part of our mission is to get them to agree to a counter trade agreement wherein the Philippines will source 200 to 300,000 metric tonnes Cambodia rice in exchange for Philippine agricultural produce and post harvest technology.
"The problem with Cambodia is that they are not exporting their rice. It shares common border with Vietnam and Thailand, so that Thailand siphons majority of their rice. Technically speaking, what we buy from Thailand is Cambodia rice," the statement said.