Rice prices in Cambodia have dropped nearly 30 % from its peak in March due to falling demand and the slowing global economy as rice farmers may see their incomes drop amid a worsening global economic crisis.
According to Yang Saing Koma, president of agricultural research organization CEDAC, the lost profits were having a marked impact on rural living standards as the high price of foods and the decrease in global oil prices caused the cost of rice to fall, forcing farmers to sell their rice at a lower price.
According to Yang Saing Koma, president of agricultural research organization CEDAC, the lost profits were having a marked impact on rural living standards as the high price of foods and the decrease in global oil prices caused the cost of rice to fall, forcing farmers to sell their rice at a lower price.
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