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Cambodia's state-owned Agricultural and Rural Development Bank has reserved working-capital loan packages for rice millers and exporters to buy paddy during the harvest. The move responds to paddy prices in provinces bordering Vietnam falling from 900 riel per kg in late May to 650 riel.
Government credit support for paddy buying may firm local prices for Cambodian farmers, though its effect on world rice prices is small given Cambodia's limited export share.
phnompenhpost.compost staffAug 2, 2021After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
