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

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Cambodian farmers flock to cassava

Cassava farming is quickly expanding in Cambodia, especially in Battambang province as profit margins on the crop continue to rise, local media reported on Friday, citing industry experts and local farmers.

Prices for the plant, which is edible and is used in ethanol production, have risen considerably, fetching more than other cash crops such as cotton that are being grown in the province, Yang Saing Koma, president of Center for Study and Development in  Agriculture was quoted as saying.

“Many people are now investing in cassava, due to the high prices. They also expect to gain more profit from cassava, as yields are more frequent,” the Phnom Penh Post quoted Yang as saying. Read more of this post

Growing taste for cassava as exports rise by 74%

The Kingdom’s cassava exports soared 74 % in the first five months of 2011, according to statistics from the Ministry of Commerce’s Camcontrol division.

Exports between January and May climbed past 212,000 tonnes from the 121,500 tonnes shipped during the corresponding period of 2010, Camcontrol said. 

At the same time, revenue from cassava exports reached US$10.3 million, up from  $4.4 million in the first five months of 2010. Read more of this post

Cassava exports rise on ASEAN demand

Demand from Thailand and Vietnam helped to drive up the Kingdom’s cassava exports 88 percent in the first three months of 2011, compared to the same period last year, according to Camcontrol, a division of the Commerce Ministry. Read more of this post