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

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.

Chinese firm seeks rice from Cambodia

Chinese agricultural company Sino Grain was in Phnom Penh this week, researching the possibility of importing Cambodian milled rice, according to a ministry statement.

Minister of Commerce Cham Prasidh hosted the company’s director general, Xu Ge Fei, and other Sino Grain delegates yesterday, the ministry said.

“With a population of 100 million, Guangdong requires 1 million tonnes of milled rice per month. So food demand is very high, and requires importing for supply and stock,” Xu Ge Fei was quoted as saying in the statement.

Water Resources and Meteorology Ministry Receives 53 Agricultural Machineries from Japan

Ministry of Water Resources and Meteorology has received 53 of 115 agricultural machineries worth over US$ 11 million in grant aid from Japan to serve Cambodian premier’s irrigation policy.

Rice millers get first export orders from China

Cambodia’s largest rice exporters say they have begun securing their first orders from Chinese buyers, with shipments slated for later this year. 

Loran Import Export Company has secured contracts to export 240 tonnes of fragrant rice at US$890 in October, its President Lim Bun Heng said.

“Previously the company has never exported rice to China – only to European and African markets,” he said.

However, with its expanding population, he reckons China will become an important market for Cambodia’s rice exporters in the future.

“I think China will be a big market in the future, because this country has a large number of people, and increasing demand for rice,” he said.

Trade deficit to fuel growth

Cambodia’s trade deficit has been downplayed as a concern by experts as figures showed the Kingdom imported US$882 million more in goods than it exported during the first five months of this year.

Ministry of Commerce figures showed imports increased to US$2.65 billion in the first five months, a growth of 58 per cent on the corres-ponding period last year. 

Exports grew 47 per cent during the same period to $1.77 billion year-on-year. 

Cambodia eyes chinese market for rice export

Cambodia’s Prime Minister Hun Sen said that his country is eyeing Chinese market for rice exports.

Delivering speech to the graduate students, Hun Sen said Cambodia and China are negotiating on the exports of rice from Cambodia to Chinese markets.

He said within this week, there will be a signing agreement between the two sides on the exports of Cambodian rice.

China commerce: Trade with China more than doubles

Bilateral trade between Cambodia and China reached US$498 million in the first quarter, soaring 216 percent from the same period last year, according to the Ministry of Commerce.

Cambodia exported $42 million worth of goods to China between January and March, an increase of 342 percent from the same quarter a year ago. Meanwhile, the Kingdom’s imports from China jumped 208 percent to $456 million for the period, the statistics show.

SOMA Group forms China rice mill partnership

Cambodian consortium SOMA Group has partnered with a Chinese firm to build a rice mill in the Kingdom, according to SOMA Group project manager Poeuv Bunrith.

Construction of the mill will begin following the rainy season, with China’s Yunnan Provincial Overseas Investment Company aiming to eventually process up to 200,000 tonnes of rice per year for export to China and other international markets.

Rice exports show rise

Growing demand from European markets, natural disasters and drought in rice producing countries has led to rice exports doubling in the first four months of the year, according to Ministry of Commerce officials.

Cambodia’s total rice exports reached 42,669 tonnes worth US$24,437,959 from January to April 2011, compared to 21,322 tonnes worth $12,178,797 in the same period last year.