Phnom Penh (FN), Jan. 16 – Kao Thach, Royal Government Delegate in charge as the CEO of the Agricultural and Rural Development Bank (ARDB), announced that the Royal Government has allocated five budgets totalling more than USD 200 million to develop the rice sector and stabilise prices. On 15 January 2025, an additional budget of approximately USD 30 million was allocated to further support rice price stability for farmers.

Kao Thach spoke on 15 January 2025 during a press conference on the situation of rice price and the harvest of rice in dry season organised by the Royal Government Spokesperson’s Unit in collaboration with the Ministry of Agriculture, Forestry, and Fisheries.

He underscored, “The Royal Government has paid significant attention to the agricultural sector, particularly farmers. During the COVID19, substantial capital was allocated to ensure farmers could maintain stable livelihoods and avoid falling below the poverty line, or only slightly below it. This funding has supported various areas, including vegetable cultivation, meat production, animal husbandry, and more.”

He underlined that the rice sector is a critical area of focus for the Royal Government due to its connection to food security and trade. Since 2016, the government has consistently provided funding to support and stabilise the sector, with the ARDB responsible for disbursing these funds.

Kao Thach stated that to date, over USD 200 million in special capital has been allocated, of which USD 30 million is for investment purposes. The remaining funds have been used for purchasing and processing rice for sale.
=FRESH NEWS