Agricultural commodities, processing and products
Crop products and commodities
Chinese firm plans investment in Cambodia
PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided ...
http://usa.chinadaily.com.cn/business/2012-08/08/content_15652505.htm
Rice Production Down Due to Limited Rainfall, Report Says
After rising significantly in recent years, Cambodia’s rice production will fall this year because of a shortage of rain, the U.N. Food and Agriculture Organization (FAO) said in a new report. In its second quarter Rice Market Monitor report for 2012 published on Monday, the FAO ...
Rock and a hard place
Sarorn Phi, 39, cautiously stops his moto 20 metres away from the large, signless boom gate blocking his path in Sesan district. He shuffles toward the security guard’s hut at the entrance to a sprawling Chinese rubber plantation and negotiates with the guard to enter ...
Chinese firm plans investment in Cambodia
PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided to establish an overseas branch office in Cambodia to focus on the threeprojects. Pan did not say when the projects will be started. Heng Samrin pledged full support for those projects, which he said will be good to boost thedevelopment of Cambodia’s economy. “Foreign investment is a key factor to accelerate economic development in Cambodia,” he said. ...
http://www.chinadaily.com.cn/business/2012-08/08/content_15652416.htm
China giant looks to Kingdom
Shandong Shantui, a Chinese firm and one of the largest manufacturers of heavy construction machinery and largest producer of bulldozers has expressed an interest in investing in Cambodia’s agricultural sectors. General Manager Cheng Zhaohong met with Cambodia’s National Assembly President Heng Samrin yesterday morning to present the company’s ...
http://www.phnompenhpost.com/index.php/2012080757846/Business/china-giant-looks-to-cambodia.html
CEDAC pools capital to produce organic rice
Cambodian Center for Study and Development in Agriculture (CEDAC), a Cambodian agricultural organisation, will collect US$20 million from the Kingdom’s farmers through 2022 in an attempt to accumulate capital for organic rice production. Oun Sophal, president of CEDAC’s Farmer Network from Kampot province’s Dang Tong ...
Fish and rice, together at last
A new long-term project aims to boost fish stocks in rice fields. That was not a typo. For years, rice farmers in Cambodia have swept up fish – as well as frogs, snails and other aquatic fauna – that make their way from streams, canals and ...
Officials pitch invesment from Thais
Cambodia’s top economy builders are looking to bring back Thai investment that has departed the country since the onset of political clashes involving Preah Vihear temple in northern Cambodia. Officials at the Council for the Development of Cambodia (CDC) yesterday hosted 30 delegates from the Thai ...
Viet Nam invests over VND110 billion in sugar planting in Cambodia
Sugar factories from Tay Ninh Province have spent over VND110 billion (US$5 million) to plant sugar cane in Cambodia’s Svay Rieng Province for the 2012-2013 crop, said the Tay Ninh People’s Committee. Vietnamese sugar producers have planted the crops in Cambodia as sugar cane in ...
Rubber price drops as exports increase
Rubber exports increased by more than 5 per cent in the first half of the year compared to the same period in 2011 as the price decreased more than 28 per cent, according to data received from Cambodia’s Ministry of Commerce. The data shows that ...
Inflation Falls on Lower Gas, Food Prices
Consumer prices in Phnom Penh grew just 1.8 percent year-on-year in the month of June, the lowest increase in almost two years, as food and gas prices remained stable, according to figures released yesterday by the Ministry of Planning. In its monthly inflation report, the ministry ...
Cambodia’s largest port reports US$14-M revenues, + 14% in 1st 5 months of Y 2012
Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year. Goods exported through the port are mostly garment products and ...
Farmers say officials displaced their jobs
About 20 families in Koh Kong province are accusing provincial authorities and military police of blocking them from farming on land that is part of a dispute with a Chinese development firm stretching back almost five years. The rice farms are in Botum Sakor district, which ...
Workers ditch factories for fields
At some point during the planting season this year, Pheap Srey Ngoun will leave her garment factory floor for a rice paddy in Cambodia’s Prey Veng province. Like many fellow garment workers she will leave her position, with permission from the factory, to lend a hand ...
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Cassava plantings decrease
Cassava plantings in Battambang province dropped more than 18 per cent in the first half of the year compared to the same period in 2011, according to agriculture officials. The decease is a result of that previous year’s yield fetching a low price and farmers ...
http://www.phnompenhpost.com/index.php/2012072357551/Business/cassava-plantings-decrease.html
Trade Deficit Up 34 Percent On Last Year
Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...
PM looks to counter OPEC, push rice-exporting power
Cambodia will push to finalise a rice-exporting bloc with four other regional countries by the end of the year in a bid to become the world’s “food basket”, according to the Ministry of Commerce. The group of countries including Cambodia, Vietnam, Thailand, Laos and Myanmar – ...
http://www.phnompenhpost.com/index.php/2012071957506/Business/pm-looks-to-counter-opec.html
Cedac Encourages Using Frogs As an Alternative to Pesticides
Cambodian farmers often turn to pesticides when trying to stop insects from destroying crops, but the Cambodian Center for Study and Development in Agriculture (Cedac) has come up with a better idea: frogs. “Frogs are important to protect rice plants from damage by insects, especially during ...
Cambodia will not export rice to Philippines
After the Philippines government issued their own policy regarding milled rice exports the Ministry of Commerce of Cambodia has expressed its disinterest in exporting milled rice to its neighbour, Cambodia’s Commerce Minister said yesterday. Local rice millers will not be encouraged to make any efforts to ...
Cambodia, Indonesia to Sign 100,000 Ton Rice Trade Deal in August
Cambodia will sign a rice trade Memorandum of Understanding (MoU) with Indonesia in August under which Indonesia will purchase 100,000 tons of rice from Cambodia annually. The deal is expected to boost Cambodia’s rice exports and help the country achieve its target of exporting one ...
$20 million rice mill for Oddong
When London-based real estate investor Sanjay Dhir heard about Cambodia from his Indian partner Manoj Varma, he took a trip here in October 2010 and stopped by the roadside to meet the operators of a portable rice mill. He knew then that Cambodia was ready for ...
http://www.phnompenhpost.com/index.php/2012071757449/Business/20-million-rice-mill-for-oddong.html
Kampot Pepper Demand Sees Production Increase
Growing demand abroad for Kampot pepper has resulted in production levels for the commodity increasing by 22 percent to 22 tons during this year’s harvest, officials said yesterday. Nguon Lay, president of the Kampot Pepper Association, said that the amount of farmland used to cultivate pepper ...
Prices and Monetary Developments
Price levels picked up during the first half of 2012 but will likely cool down in the second half of the year due to changes in energy prices and major food related items. Therefore, the inflation rate has been upwardly adjusted by 30 basis points to 4.8 percent ...