Rice Harvest

After a crop lost to drought, the second almost suffering the same fate only to be ravaged by three waves of flood, then mowed down by an epical locust attack, it is a miracle we harvested anything. But we did harvest about 500 tons. That's not very much after planting 2000 acres. It was a big economic loss which we will painfully discover as we close out our books this next month. We had so much extra storage space in our rice bins that we found an investor to purchase 500 tons of 'Red Rice'. This is a rice that is very popular in Thailand and is high in B-vitamins. It is served on several of the major Thai airlines. Last year, this rice was selling for $600/ton out of the field. However, in 2020 with no airline demand and the Thai border closed, there is no market for it in Cambodia. The price dropped to around $250/ton. We decided to store some in our empty bins and wait. If the border opens, the price could dramatically increase as Thai rice production suffered greatly this year as well.

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