Posts Tagged ‘Agriculture’

Cambodia lost yearly revenue due to lack of processing plants

A senior Ministry of Commercial official told delegates from China at a two-day government-backed trade-facilitation workshop on Tuesday, by saying that Cambodia lacks the domestic processing plants that Cambodia’s products have not been exported directly to the end-market buyers. And most of agro-industry has been sold to neighboring countries such as Vietnam and Thailand.

It is reasons that Cambodia’s processed products is neither recognized nor rewarded adequately for its produce. Secretary of State for Ministry of Commerce, Mao Thora said that Vietnam exported 16,000 tonnes of Cambodia cashew nuts last year,

Cambodia has lost national income every year because of lack of processing plants to produce end-products to be exported to end-market buyers. Vietnam and Thailand bought cassava from Cambodia for $80 to $9p per tonne and sold to China from $190 to $200 per tonne.

Sen Sovann, Ministry of Agriculture, Forestry and Fisheries Deputy Secretary General, was quoted by the Post as saying that “I think if we’re going to discuss trade facilitation, we should consider pushing farmers produce directly the end-market buyer.”

Private firm to invest in $1.6 m rice factory

­­­­­­­­Cambodia’s rice has been exported into international markets such as Europe. Recently, Laurent Import Export Company plans to build a rice factory worth US$1.6 million to polish and package rice for export in Thma Koul district in Battambang province. it is expected that the factory will process at least 300 tonnes of rice per day.

A factory will start to be constructed in August and be completed in December. After building the factory, the company hopes that it will be able to export milled rice in big amount to international markets.

So far, there are 10 companies being constructed and being processing in this province. The total of 760,000 tonnes of paddy in 2009 and 2010 was harvested by farmers. (more…)

Farming lands granted to 8 companies

Agriculture is Cambodia’s main sector which more than 80 percent of most Cambodian people are living on this sector. Recently, more than 50,000 hectares of agricultural land being given to eight domestic and foreign companies for agriculture, according to The Phnom Penh Post.

“Two Cambodian firms had been given 16,900 hectares. A Malaysian firm received 7,000 hectares, a South Korean firm 6,600 hectares and four organisations from Vietnam the remaining 20,900 hectares, he added. The concessions were for land in Mondulkiri, Ratanakkiri and Kratie provinces, said Hong Narith, although he was unable to give the names of the firms concerned,” Hong Narith, chief of cabinet at the ministry, was quoted by the Post as saying.

“We expect these companies will … plant trees and raise animals to boost the economy in Cambodia and to provide work to people through the development of the agricultural sector,” he said, adding that if the proposals were not fulfilled then the licences would be withdrawn.

Vietnamese fertilizer plant in Cambodia

Recently, Vietnam started operating its largest fertilizer plant in Kandal Province on Thursday, which was funded US$65 million project by Vietnam.

Cambodian Prime Minister Hun Sen said at the opening Thursday morning that The Kien Svay facility is expected to be produce half a million tons of fertilizer per year, employing 300 workers. He added that the fertilizer can be used on any soil and will lower the price of fertilizer, reported VOA Khmer.

Vietnam became the top agricultural investor in Cambodia in 2009.

On Saturday, the premier left for Ho Chi Minh City in Vietnam in order to attend an investment conference and attract more Vietnamese investors.

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