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

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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

Cambodia’s fish exports decline 33% in first 6 months

Cambodia recorded 33 % decline in fish exports in the first half of this year, compared with the same period a year ago, showed the figure from the Fisheries Administration on Tuesday. 

From January to June this year, the country has exported 16,000 tons of fresh and processed fish with an estimated revenues of 45 million U.S. dollars, 33% decrease from 24,000 tons with the total cost of 67 million U.S. dollars at the same period last year.  Read more of this post

Pig production priority

Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry,  insiders say.

The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, but experts say Cambodia is dependant on Thai pig imports to meet domestic demand. 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

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

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

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 bans imports of chicken products from Thailand

Cambodia’s ministry of commerce on Tuesday prohibited imports of chicken products from Thailand.

“The ministry of commerce instructs all levels of authorities along the border between Cambodia and Thailand to prevent all imports of chicken products from Thailand even though the products have had phyto-sanitary certificate in order to protect our people health,” said a directive signed by the minister of commerce Cham Prasidh. “The ban will take effect from the signing date until there is new directive.” Read more of this post