Cambodia achieves record rice production in 2024 with strong government support

Economy and Industry

Cambodia achieves record rice production in 2024 with strong government support The Cambodia Rice Federation (CRF) has recorded a record growth of producing over 14 million tonnes of rice in 2024, thanks to the support of the Royal Government. The CRF has 301 active members and exports rice to 123 international destinations. The establishment of the CRF in 2014 aimed to foster competitiveness, unity, and comprehensive cooperation within Cambodia's rice production chain. The Kingdom exported over 21.45 million tonnes of paddy rice between 2018 and 2024, thanks to stable development under former Prime Minister Hun Sen and continued under Prime Minister Hun Manet. Economic support from the Royal Government, including tax exemption mechanisms, streamlined export procedures, financial interventions, and infrastructure investments, has boosted the competitiveness of rice mills. The Ministry of Agriculture, Forestry and Fisheries has also contributed to the surge in rice production. (Source: Khmer Times)

Over $1 billion spent on energy imports by Cambodia from January to May Cambodia's imports of diesel fuel, gasoline, and combustion gas decreased by 13% in the first five months of 2025, according to a Ministry of Commerce report. The value of diesel fuel, gasoline, and combustion gas imports totalled $1,045 million during the January-May period this year, down 13 per cent from $1,202 million over the same period last year, the report stated. The country spent $571 million on importing diesel fuel, down 11%, $335 million on gasoline, and $139 million on combustion gas, up 1.6%. The Ministry of Mines and Energy predicts that the demand for oil and gas products in Cambodia will rise to 4.8 million tonnes in 2030. Regular gasoline costs 3,750 riels ($0.94) per litre, while diesel costs 3,550 riels ($0.88). (Source: Khmer Times)

Stung Trang sees surge in durian farming as growers increase plantations Durian cultivation in Stung Trang district, Kampong Cham province, is experiencing rapid growth, with farmers expanding their plantations by hundreds of hectares to meet the rising demand for both domestic and export markets. Over 2,000 hectares of land are currently under cultivation, with plans to increase this to 2,500 hectares next year. Durian farming offers economic benefits to local families, with farmers earning over $100,000 from their harvests. Siv Tha, a prominent durian grower, believes that the income more than justifies the cost of cultivation, especially as the government pushes to export the fruit, particularly to the Chinese market. Durian plantations are also attracting local tourists and buyers, with concerns about market durians being misrepresented as Cambodian produce. The General Department of Consumer Protection, Competition and Fraud Prevention launched an investigation at local markets and border checkpoints, revealing the presence of imported durians at several border crossings. The Baek Anloung Durian Agricultural Community in Stung Trang aims to transform itself into a modern agricultural community specialising in durian cultivation. (Source: Khmer Times)

Corporate News

Ucare opens new pharmacy branches at Techo International Airport and Koh Pich Cambodia's leading pharmaceutical network, Ucare Pharmacy, is set to open two new branches in Koh Pich, Phnom Penh, as part of a strategic collaboration with OCIC Group. The first branch will be at Techo International Airport, making Ucare the first pharmacy chain to sign an agreement for on-site services at the country's future international airport. The second branch will be in Koh Pich, serving one of Phnom Penh's fastest-growing urban districts. The partnership reflects the strategic importance of integrating reliable and accessible healthcare services into large-scale urban developments. Ucare, with over 20 years of experience in Cambodia, is recognized as the country's first and most comprehensive network of stores dedicated to health, wellness, and beauty. The collaboration supports OCIC Group's integrated vision of urban development with health and well-being at the core. The partnership with Ucare marks a new chapter for Cambodia, driven by investment in modern, accessible healthcare solutions that align with the country's urban growth. (Source: Cambodia Investment Review)

Stock Market

CSX index rises 0.30% as PPAP and PAS lead gains On 19 June 2025, the CSX Index rose by 0.30%, closing at 411.0 points. On the Main Board, PPAP (+1.34%), PAS (+1.14%), CGSM (+0.41%), PEPC (+0.37%), and PWSA (+0.31%) were the gainers, while MJQE (-0.49%), PPSP (-0.47%), and GTI (-0.23%) recorded losses. ABC remained unchanged. On the Growth Board, DBDE decreased by 0.49%, while JSL remained unchanged. Total trading volume reached 50,457 shares, with a turnover of KHR 305 million. (Source: YSC Research)

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