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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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

Coffee development in Cambodia

Coffee plantations in Cambodia’s northeast are struggling to keep up with rising international demand for the increasingly lucrative beans, farmers and traders said.

Orders for Cambodian-grown coffee beans from countries such as Japan and Korea as well as domestic demand has increased rapidly, while prices have jumped nearly 40 percent since 2009, traders said. 

Higher prices are ushering more farmers into the market, but supply from Mondulkiri province’s roughly 30 hectares of coffee plantation is falling short.

Im Saroeun, a farmer at the Coffee Plantation Resort in Mondolkiri province, said his plantation is turning down contracts from foreign importers. It simply cannot fill the orders, he said. 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

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

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. Read more of this post

Vietnam Rubber Group helps Cambodian workers

The Vietnam Rubber Group’s (VRG) investment projects in Cambodia have helped improve living condition for local people, said Nguon Nhel, First Vice-President of the Cambodian National Assembly (NA). Read more of this post

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. Read more of this post

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

Cambodian economy involved in the Global Green Growth Institute (GGGI)

Cambodia’s environment minister said his country’s green growth plan is making fine progress in its implementation thanks to the help of Korea and the Global Green Growth Institute (GGGI).

Minister Mok Mareth said activities with GGGI “strengthened environmental cooperation while pursuing sustainable economic growth, not only in Cambodia but also on a regional and a global scale to result in green growth through the exchange of ideas and experiences.” Read more of this post