Crop products and commodities
CEO: Up to 300,000 tonnes of palm oil ‘possible’ this year
Crop-friendly weather is set to underpin growth in Cambodia’s output of crude palm oil beyond prior estimates, industry insiders have said. The oil palm, also known by its botanical name Elaeis guineensis, is a tropical plant cultivar which is said to have originated in the ancient ...
Cambodia may be pressed by new EU palm oil regulations
New proposed rules from the European Union restricting the import of palm oil would likely affect Cambodia’s nascent palm oil sector, but the country’s main exporter is hoping that demand from India and China will cushion the blow. ...
Palm oil exports expected to rise
The Kingdom’s leading palm oil producer has projected revenues of $20 million this year as it targets another record-setting year for crude palm oil exports. ...
Palm oil price drop to hit local market
Palm oil production is expected to drop over the next few months but instability in the international market is likely to drive down local prices by the start of next year, a Cambodian palm oil producer has warned. The price of crude palm oil in ...
Crude palm oil exports rise 116%
The export of crude palm oil (CPO) from agro-industrial conglomerate Mong Reththy Group reached 13,000 metric tons in the first six months this year, up a huge 116 percent compared to the same period last year. ...
Palm oil yields up as crop matures
Export of crude palm oil from Mong Reththy Group, the Kingdom’s only active producer, doubled during the first half of the year despite prices showing no indication of improving, a company executive said yesterday. ...
Crude palm oil exports increase
Cambodia’s exports of crude palm oil have increased, though the price has declined in line with falling global prices, according to an official and a producer. ...
Exports of palm oil up, despite price drop
Exports of crude palm oil from the Mong Reththy Company – the Kingdom’s sole producer of the product – increased 8.1 per cent for the first 11 months this year, compared to the same period in 2014. ...
Palm oil exports up, while profits dip
Exports of crude palm oil from the Mong Reththy company – the Kingdom’s sole producer of the product – increased 16 per cent last year, although prices were down about $200 per tonne from 2013. ...
Vietnam's HAGL to harvest corn in Cambodia, Laos this year
Vietnam’s HAGL JSC is expanding its overseas plantations and plans to harvest corn in Cambodia and Laos this year, Bloomberg News reported Monday. ...
Everyday News Staff
Palm oil plantation accused of withholding workers’ pay
More than 20 families working on a controversial palm oil plantation in Ratanakkiri province owned by the Hoang Anh Lumphat company have filed a complaint with rights group Adhoc accusing the owners of improperly withholding one month’s pay. Lor Sophal said he and another 22 families, ...
UDG accused of farming instead of building
The Chinese-owned Union Development Group in Koh Kong province is bulldozing swaths of its land concession, originally intended for a massive tourist resort, to plant cassava and palm oil trees instead, a CNRP lawmaker-elect said Monday. Son Chhay, lawmaker-elect and CNRP chief whip, visited the area ...
Lauren Crothers and Hul Reaksmey
India urges more trade action
The Indian ambassador to Cambodia is calling on the government to reduce exorbitant shipping costs and take better advantage of a tariff scheme that India offers, two obstacles that the diplomat says are discouraging bilateral trade. Ambassador Dinesh Patnaik said on Tuesday that Indian businesses exporting ...
The slaughterhouse blues
It’s 1am and, as Phnom Penh sleeps, the haunting squeals of distressed animals are all that can be heard in the darkness of a field in Russey Keo district. Pigs in open-air sheds have sensed what’s coming: Hundreds of them are about to be slaughtered for ...
Shane Worrell and Khouth Sophak Chakrya
Sri Lankan company to plant 20,000 hectares of rubber in Cambodia
Sri Lankan agricultural group Lankem Ceylon PLC says it plans to plant 20,000 hectares of rubber in Cambodia as part of a diversification strategy. Lankem chairman A Rajaratnam disclosed the strategy in the company’s annual report for the year to March, 2012, released by the company ...
Rubber firm has plans in Cambodia
Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...
FGVH to develop upstream, downstream plantation business in Cambodia
Felda Global Ventures Holdings Bhd (FGVH) is planning to develop upstream and downstream activities in the plantation sector in Cambodia. Chief executive officer-designate Dr Emir Mavani Abdullah said that apart from marketing its products, including palm oil-based products in Cambodia, FGVH was also planning to set up rubber ...
Local palm oil exporter targets EU
Mong Reththy Group (MRG), Cambodia’s largest exporter of palm oil, hopes to expand its exports to European markets this year. Mong Reththy, president of the firm, said the quota-free and duty-free trade frameworks provided by European governments factored heavily into the decision. “About 50 per cent of ...
Malaysia’s Felda mulls local crops
Malaysia-based agricultural and commodities company Felda Global Ventures Holdings is considering investing in palm oil, sugar and rubber crops in Cambodia. Felda Global head of corporate communications Izan Hussain said yesterday the company had received numerous business proposals, but had not made any decisions. “Our discussions and ...
New palm oil plant for $16m
Mong Reththy Group (MRG) will begin construction on a US$16 million crude palm oil refinery next month in Preah Sihanouk province, where several thousand hectares of palm trees are grown, insiders said yesterday. Mong Reththy, president of the eponymous firm, told the Post that his company ...