2010-10-31

Global Snapshot: Philippines, Cambodia in initial talks for rice supply

10.29 Manila, Philippines - According to ABS CBN, Philippine media, Cambodia has offered to sell at least 100,000 tonnes of rice annually to Manila as it faces a supply surplus, but no deal has been reached yet. Cambodia has a surplus of 1 to 1.2 million tonnes of paddy rice which it can sell to other countries. And Philippines, the world's biggest rice buyer, was open to possibly purchasing the grain from its Southeast Asian neighbour.

For more details, please line to http://www.abs-cbnnews.com/business/10/29/10/philippines-cambodia-initial-talks-rice-supply