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

Advertisements

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

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. 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

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

Port shipments to soar

Shipments through Sihanoukville Autonomous Port have increased this year largely on increased exports of rice and acacia wood, Director General Lou Kim Chhun said.

Some 91,100 Twenty-foot Equivalent Units (TEUs) were transported through the facility between January and May, an 8.7 percent increase on shipments during the same period last year, according to port statistics.

An increase in shipments of products such as garments, oil and coal were main drivers of the growth, though agriculture and timber products were showing the largest increase, he said. 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

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. Read more of this post

Cambodia plan to export one million tons of rice by 2015

ACHIEVING Cambodia’s goal of exporting one million tonnes of rice per year by 2015 will require investments of US$350 million over the next four years, according to a Ministry of Economy and Finance official.

“Cambodia currently has the capacity to produce 200,000 tonnes of rice for export, because we lack capital and high-standard rice mills,” said Ministry Secretary of State Hang Chuon Naron yesterday. Read more of this post