The first batch of milled rice to be exported to the UAE marks a milestone for Cambodia.
On Friday, Cambodia celebrated the export of its first batch of milled rice to the United Arab Emirates (UAE), marking a key step towards broadening its worldwide reach. The accomplishment was proclaimed by Minister of Commerce Cham Nimul, who emphasized the beneficial effects of this endeavor on the expansion of Cambodia's economy.
The exporter in charge of getting the rice to the United Arab Emirates was Oneroad Group, a company with a local registration. Minister Nimul revealed that the company got a big purchase order, equivalent to 60,000 tons valued at $54 million from the UAE side. A potential trading partnership between the two countries was established with the first cargo.
While China and Europe remain Cambodia's two main markets, the Southeast Asian nation is now known for its milled rice, especially in the UAE. The strategic drive to expand export destinations and enhance Cambodia's standing in the international rice trade is reflected in the market entry's success in the United Arab Emirates.
As Cambodia commemorates this achievement, the prosperous export to the United Arab Emirates establishes a favorable precedent for future partnerships and highlights the nation's resolve to broaden its economic influence globally. The competitiveness and adaptability of Cambodia's rice sector make it a significant player in the world's agricultural economy.
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