Natural rubber Price hike continues

The Association of Natural Rubber Producing Countries (ANRPC) has estimated total world natural rubber (NR) production this year to be at 9.95 million tonnes, up by 4.9% from 9.49 million tonnes last year.

In spite of the higher forecast, the association said NR supply was seen moving up slowly over the past quarters, thus triggering continued recovery in rubber prices.

“The slow growth in supply, high oil price and strengthening of the baht, rupiah and ringgit can help NR prices to stay strong but the short-term outlook is clouded by uncertainties from the debt crisis in the United States and the eurozone,” said the ANRPC in its latest July report.

Members of ANRPC Thailand, Indonesia, Malaysia, India, Vietnam, China, Sri Lanka, the Philippines and Cambodia controlled about 92% of the commodity’s global supply. Read more of this post

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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

Cashews catching on

Prices for cashew nuts have increased this year, as demand on the international market increases. Cashew exporter Agro-star said prices have increased to about US$2,000 per tonne, an increase of $100 since March. Government officials said the price increase could lead to more areas under plantation.

Exports of rice quadruple compared to 2010

Cambodia’s rice export volumes quadrupled in the first half of the year compared to the period 2010, according to statistics from the Ministry of Commerce’s Camcontrol Department.

High domestic average yields, rising international prices, and increased international recognition has led to the growth, Camcontrol statistics office Director Khoun Savuth said yesterday. Read more of this post

Inflation rates driven by increases in food prices

The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures.

Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show.

Experts said Cambodia’s situation was stable, pointing to some regional nations as seeing 20% rises. Read more of this post

Pig farmers in UK paid less than in Cambodia

British pig producers earn less than farmers in Cambodia, it has emerged.

The farm-gate price for pigs in Cambodia is equivalent to £2.47/kg, according to Yorkshirebreeding company ACMC, which is doingbusiness in the country.

This compares with a UK pig price of just £1.51/kg. Read more of this post

Meat price rise

Meat prices on Phnom Penh’s markets have seen large gains over the first half of the year, according to figures from the Ministry of Commerce’s Trade Promotion Department.

Local vendors say the price increase comes due to a decrease in imports, forcing purchases of domestically produced animals.

“We started to see price increases back in September last year,” Central Market pork vendor Nary Chey said yesterday.

“I used to pay 17,000 riel (US$4.14) per kg [for my supply], but currently I pay 22,000 riel. It’s harder to sell because of the increases; I only sell 40 kilogrammes each day now, when before I sold 70 kilogrammes.”  Read more of this post

Price and export of corn rising

International demand for animal feed is pushing corn prices higher, fuelling the growth of the industry in western Cambodia.

Corn prices have increased by some 25 percent year on year, leading to an increase in land being planted, Battambang province farmers said. Read more of this post

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