Cambodia to Double Organic Rice Exports in 2015

One of Cambodia’s two only organic rice exporters is preparing to double its organic rice exports this year as demand for organic rice steadily increases, according to The Phnom Penh Post.

The Cambodian Center for Study and Development in Agriculture, CEDAC, reportedly shipped 540 tons of organic rice to international buyers in 2014 – a 20 percent increase over 2013. CEDAC is set to export 1,000 tons in 2015 to fill the demand in the international market.

Production in organic rice is still quite lucrative because “the price of organic rice is higher and also more stable than non-organic rice in the marketplace,” said CEDAC export officer Sou Sarorn.

Chaninat and Leeds’ corporate attorneys are experienced Thailand FDA lawyers who specialize in business litigation for national and international clients. 

Still, senior advisor to the Cambodia Rice Federation, David Van, said the strict regulations and extended grow-time for producing organic rice combined with the lack of education on the matter makes it difficult to find farmers willing to commit to “going green,” and makes large-scale organic rice production limited.  

In 2014, organic rice exports represented only a fraction of Cambodia’s overall 380,000 tons of rice exports.

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Rise of the Yuan: Bank of Thailand Encourages Trade in Chinese Currency

China is Thailand’s number one trading partner, and now Thai businesses are being encouraged to use the yuan in trade and investment, according to The Nation. 

The Bank of Thailand recently expressed public support of using the Chinese currency at a bank seminar.

The Nation cited Chantavarn Sucharitakul, BOT assistant governor for the Financial Markets Operations Group, as saying “the BOT believed that the use of the yuan would provide more options in term of payments when doing business with China.”

Several of the benefits reported by The Nation of businesses trading with China in yuan include better exchange rates and lower prices because of lower risk, more opportunity for trade with small and medium enterprise in China, and faster payments from Chinese importers. 

The Thai company attorneys at Chaninat and Leeds are experienced professionals assisting with company registration and business litigation in Thailand.

Thailand’s trade with China increased from $57 billion USD in 2011 to $65 billion in 2013, and the international influence of the yuan is increasing as well according to a May SWIFT report.

Read the full story here.