cassava export: partnership with chinese company

China National Food Industry Group yesterday signed an agreement with Cambodian agricultural firm Ly Ye Rubber Company, aiming to import large quantities of cassava from Cambodia. Cai Yong Feng, chairman of the Chinese firm, said cassava is a quickly expanding industry in Cambodia. ‘If the dry cassava from Cambodia has high enough quality standards for the Chinese market then we will buy other products,’ he said.

Source: Phnom Penh Post

Vietnamese rice exporter face challenges from foreigners in Cambodia

Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report.

Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas for exporting its farm produce, especially rice, to the EU. Read more of this post

More competition from Thai rice millers

Thai government proposals to pay above market prices to rice farmers could complicate Cambodia’s goal of becoming a major milled rice exporter, according to industry insiders.

Pheu Thai party leader Yingluck Shinawatra has announced plans to buy rough rice for a guaranteed price of 15,000 baht (US$505) a tonne, more than 50 percent above current rates. Read more of this post

PetroVietnam Fertiliser and Chemicals Co. launch its branch in Cambodia

PetroVietnam Fertiliser and Chemicals Joint Stock Company, one of the largest firms traded on the Ho Chi Minh Stock Exchange, has officially launched its first Cambodian branch. The company had been operating a representative office in the Kingdom since last May, but aimed to expand its services to domestic farmers with the new branch. Read more of this post

Malaysian interest up in Cambodia’s land concessions

Lion Forest Industries Berhad will seek to acquire a 9,995 hectare concession in Cambodia, the latest in a number of Malaysian firms eyeing the Kingdom to increase land banks this year.

The firm aims to cultivate rubber and palm oil on the proposed concession in Preah Vihear province, with a total investment of 11.77 million ringgit (US$3.9 million), according to a filing on the Bursa Malaysia late on Wednesday.

Lion Forest halted its operations in Malaysia and China and is seeking to tap into a new core business and diversify its earnings stream, the statement said.
“For investors looking to grow and process crops, Cambodia is an ideal location as it has plenty of land available for agricultural concessions,” it said. Read more of this post

Cambodian rubber strides on

Swift Resources, a rubber company with more than 3,800 hectares of rubber plantation in Kratie province, is preparing to raise funds with an initial public offering on the Hong Kong stock exchange. While the price of rubber remains high, the company is looking to fund further expansion of its plantations in Mondulkiri, Ratanakkiri and Steung Treng provinces, Kong Kimny, administrative manager of Swift Resources Snoul rubber plantation, said yesterday.  Read more of this post

Work on Canadia rice mills begins

Canadia Bank  has begun construction on an US$8 million rice processing facility in Takeo province, aiming to process rice for export to the international market, company officials said.

Set up in the province’s Doun Keo district, the mill will be capable of processing up to 500 tonnes of paddy per day, Canadia Investment Department Manager Rien Samrith said.

“We want to invest in this province because of its potential for agriculture, and we want to push people to produce more rice,” he said.

Construction on the facility began earlier this month, and will be finished by September this year. Read more of this post

Rice traders see room to grow in US market

Cambodian rice imports to the US have increased recently, and producers now say they are seeking to maintain quality standards to continue shipments.

“Cambodian rice was imported into the US before, but the companies couldn’t sustain the quality of rice after the initial shipment,” Phanarith An, who works with rice importer Angkor International, said as a guest on “Hello VOA” Monday. “So customers complained and the companies went out of business.”

“Thanks to state-of-the-art machines and the selection of crops,” he said, “we can now guarantee the consistent quality of our rice.” Read more of this post

Malaysia is third largest investor in Cambodia

Malaysia has become the third largest investor in Cambodia with its investments in the country amounting to US$3.4 billion from 1980.

Malaysian Ambassador to Cambodia, Datuk Pengiran Mohd Hussein Datuk Pengiran Mohd Tahir Nasruddin said Malaysia’a third placing comes after China and Korea.

The investment opportunities for Malaysia are still plenty especially in the agriculture sector considering the availability of large areas of land which are yet to be developed in the country, he said.

“Malaysian companies with potential can invest in the country’s main agriculture sector involving rubber, oil palm and corn,” he told Bernama at his office here after briefing a delegation of 20 students and staff from Universiti Malaysia Kelantan (UMK) currently on an academic visit to the country. Read more of this post

ADB helps $4 million to boost biomass use in Greater Mekong Subregion

The Asian Development Bank (ADB) is to help the Greater Mekong Subregion (GMS) scale up the use of biomass waste in the agriculture sector to meet its growing need for clean energy and food security for poor rural households, the media release from ADB said on Monday.

The ADB Board of Directors has approved a regional technical assistance project that will be funded by a $4 million grant from the Nordic Development Fund along with counterpart financing of $600,000 from the governments of Cambodia, Lao People’s Democratic Republic and Viet Nam. Read more of this post