Cambodia reports bird flu outbreak

The first outbreak of H5N1 highly pathogenic avian influenza (HPAI) this year has been reported in the north-west of the country.

The veterinary authority sent an Immediate Notification dated 1 August to the World Organisation for Animal Health (OIE).

The report describes a single outbreak of HPAI at Doun Moul in the region of Banteay Meanchey in the north-west of Cambodia. The outbreak started on 21 July and affected a backyard flock of 580 ducks and chickens. Of these, 100 died and the rest have been destroyed.

The presence of the H5N1 sub-type of the HPAI virus has been confirmed.

The last outbreak of HPAI in the country was in October last year.

Source: The Poultry site

Cambodian banks aim to ride agriculture boom

Cambodian banks are hoping that a surge in agricultural investment will bring in the customers they need to take out loans and put to work the cash flooding into the frontier market’s overcrowded banking system.

Cambodia, which is due to open a stock exchange this year, is attracting investment to rural areas as it seeks to move from exporting primary crops to milling rice and packaging seafood to sell abroad.

Foreign donors have vastly expanded rural road networks and firms from Vietnam, Thailand, Malaysia and beyond are scrambling to buy land and expand rubber and rice plantations. But while the streets of Phnom Penh are cluttered with bank branches and cash machines, banks have ignored rural areas. Read more of this post

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.  Read more of this post

Toyota joins Huay Chuan / Joint venture eyed for Cambodian rice

Toyota Tsusho, the trading arm of Japan’s Toyota Motor Corporation, has teamed up with Thailand’s Huay Chuan Rice Co to cash in on Cambodia’s growing rice industry.

The alliance, which includes Malaysian investors, has been in talks with Cambodian businessmen for a venture that would initially set up a rice mill and processing plant for export. Read more of this post

Cambodia Rice Export 2011- Cambodia can export high quality, and huge quantity rice to other countries

Cambodia can export high quality, and hug quantity rice to supply to other countries

With the recent effort from the Cambodia Royal Government, the high quality of the Cambodia rice herself and setting up of the international standard of rice millers. These factors lead Cambodia to get more and more attraction from rice importers from French, Poland, Russia, Sweden, Netherlands, New Zealand, China, America, and Africa. Significantly, the importers and wholesalers have repeated in larger quantity their purchase order after the first shipment done. This is because the importers have been accepted not only the high quality of Cambodia Rice, but also the huge quantity that is available to buy from Cambodia. Read more of this post

720 million USD loan needed to improve rice millers competitiveness

Cambodia’s Small and Medium Industries Association warned that domestic rice millers require US$720 million in loans this harvest season, or they risk being out-competed by foreign merchants.

“We cannot compete with buyers from Thailand and Vietnam to buy grain if local rice mills can’t receive more capital from the government or private banks,” said the association’s secretary general Ut Ren.
Cambodia has about 100 millers, which purchase paddy from farmers, process the rice and sell it to dealers. If the millers are able to borrow short-term funds, they can purchase more paddy and sell more processed rice. Read more of this post

Update : New document on Agro Cambodia

Dear readers,

AgroCambodia informs you that new documents have been uploaded to the “Newsletter/Documents” and “Cambodia Background” pages:

Thank you for following Agro Cambodia website

Boost in paddy purchase and processing

The Cambodian Rice Millers Association has purchased 380,000 tonnes of paddy over the past seven months for processing, a 10 percent increase on the period a year before, according to association President Phou Puy.

The growth is due to increased financial support from the government through loans from public and private banks, though millers themselves still supply the majority of capital, he said.

“The rice we bought directly from local farmers averaged US$250 per tonne, of which the millers pay 55 percent directly and the rest come from loans,” he said yesterday. Read more of this post

Update : New document on Agro Cambodia

Dear readers,

AgroCambodia informs you that new documents have been uploaded to the “Newsletter/Documents” page:

FAO-Agriculture Outlook 2011-2020

Thank you for following Agro Cambodia website

Malaysian firm eyes Mondulkiri rubber

Bursa Malaysia-listed BP Plastics Holdings Bhd expects to receive approval soon to start a rubber plantation in Mondulkiri province, according to media reports.

Chairman and Managing Director Lim Chun Yow said the application was “progressing well” and the company would make the necessary announcement once it received the green light, Malaysian newspaper The Star reported yesterday. Read more of this post