Agriculture
Agricultural commodities, processing and products
Rubber Prices Plummet Despite Increase in Exports
Revenues generated from rubber exports dropped 25 percent to $41 million in the first four months of the year compared to the same period in 2011, as rubber prices on the international market plummeted, according to data released yesterday by the Ministry of Commerce. While rubber ...
Britain’s Fraud Office Probes Biofuel Scheme
A biofuel company is currently under investigation for fraud in the U.K. after millions of dollars of investors’ money was spent on a jatropha plantation in Banteay Meanchey province that never produced even a single drop of biodiesel. The company, London-based Sustainable Agro Energy PLC, had ...
Cheap Thai Green Beans Send Local Prices Downward
Large quantities of cheap green bean exports from Thailand are driving down prices of the product in Kompong Cham province by as much as 40 percent compared to the same period last year and forcing farmers to grow other crops, officials and farmers said yesterday. The ...
Koh Kong dispute gets fresh hearing
The Koh Kong Provincial Court summonsed 23 villagers from Chikor Leu commune to present themselves – and any relevant documents – at a July 12 hearing with representatives of the two sugar companies that bulldozed their farmland and evicted them from their homes in 2006. ...
Organizations Highlight Plight of Child Laborers
One and a half million children still toil as laborers in Cambodia’s fisheries, brick factories, agricultural plantations and construction sites, government officials said yesterday at an event held at Phnom Penh’s Wat Botum ahead of World Day Against Child Labor on Tuesday. The government has set ...
Phnom Penh Autonomous Port to push rice exports
Phnom Penh Autonomous Port plans to buy a rice-polishing machine from China, and will also look to build a rice storage facility in Kandal province. These moves, officials said, were intended to push along Cambodia’s rice trade during a period of uncertainty for the industry. Facilities ...
http://www.phnompenhpost.com/index.php/2012060856663/Business/ppap-to-push-rice-exports.html
First milled-rice order destined for China
A 144-tonne shipment of Cambodian fragrant rice will leave Phnom Penh for Fuzhou, China on Saturday, the first Chinese order for the Kingdom’s milled rice after a recent government agreement was reached on Chinese regulation. Mekong Oryza Trading received the order months earlier ...
Puma Factory Reaps Rewards Of Paying for Workers’ Meals
A factory supplying shoes for German sports brand Puma has experienced no mass faintings and seen overall productivity improve since it started providing meals to its workers last year, a Puma representative and a factory official said yesterday. Workers at Huey Chuen (Cambodia) Corp. Ltd. in ...
Rains Lead to Reduction in Salt Harvests
Heavy rainfall in April and May has cut salt production by a third in Kep and Kampot provinces even though farmers extended the harvest season there by a month, farmers said yesterday. Last year, farmers were able to produce about 90,000 tons of salt on 4,500 ...
Cambodia’s salt output down 15% this season
Climate change was named as the reason for Cambodian salt production this year declining about 15 per cent, experts said yesterday. ...
Rann Reuy
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-salt-output-down-15-season
Officials say Cambodia's price rises manageable
Cambodia’s inflation rose by 5.49 per cent year-on-year in the first quarter of the year, due to increases in food and fuel prices, according to the monthly data from the National Institute of Statistics compiled by the Post. However, economists and government officials said they were ...
Service Sector
The real growth rate of the service sector has been revised upwardly by half a percentage point against our previous prediction to 5.4 percent year-on-year in 2012, on the back of higher growth expected in the local trade and transport subsectors. The growth outlook of this sector in 2013 is quite ...
Second rice trial to China
Local rice miller Mega Green said it planned to export about 240 tons of milled rice to the Chinese market by the end of June – a second round of test exports to Cambodia’s northern neighbour. Renne Outh, owner of Mega Green Imex Cambodia, told the ...
http://www.phnompenhpost.com/index.php/2012060156526/Business/second-rice-trial-to-china.html
Cambodia Plans to Send Second Test Consignment of Rice to China
Cambodia is planning to send a second consignment of 40 tons of milled rice to China as a part of the approval process for rice exports to China. In April, China had rejected a sample consignment of about 48 tons ...
Agriculture Sector
A better outlook for the price of Cambodian major crops, especially cassava and soybeans, drives the upward revision of growth of the other crops subsector. This in turn leads to a marginal upward revision of growth of the agriculture sector to an annualized rate of 4.6 percent, from 4.5 percent in our January ...
Canadia Bank backs a rice mill in Takeo
Canadia Bank will launch a rice mill in Cambodia’s Takeo province in October, a move that insiders said could help curb the flow of unmilled rice to neighbouring Vietnam. Bank officials yesterday said they will buy US$3 million in milling equipment, and the total cost of ...
Stevia Nutra Corp Establishes Major Cambodian Agriculture Companies
(The Company), an Agro-Management company focused on stevia agronomics, announced that it has incorporated Health Power Trading Company Ltd., a wholly owned BVI subsidiary company and Mighty Mekong Agro Industries Co. Ltd., a Cambodian based wholly owned subsidiary. This strategic move by Stevia Nutra will allow the Company to capitalize on significant labour and technical advantages as ...
Guinea To Buy Milled Rice Product From Cambodia
Guinea will buy 40,000 tons milled rice product from Cambodia in the near future, Eang Sophalet, assistant to Prime Minister Hun Sen said on Friday after the meeting between Samdech Prime Minister Hun Sen and visiting president of Guinea His Excellency Professor Alpha Conde at peace palace in Phnom Penh. ...
Cambodia seeks $200m from China for rice mill
Cambodian government officials and private sector leaders have met with Chinese officials to negotiate a US$200 million loan for the development of Cambodia’s rice sector, an official said on Tuesday. The new loan would focus on the development of the agricultural sector, primarily the construction ...
Protesters Forgo Roadblock, Distribute Petitions
Villagers in Koh Kong province involved in a long-running land dispute with two sugar cane plantations linked to CPP Senator Ly Yong Phat handed out petitions to passing motorists along National Road 48 demanding their land back. It was a change of pace for the villagers, ...
Rice alliance formed
A new partnership looking to export Cambodian rice to world markets formed yesterday afternoon at Sunway Hotel The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) elected their first executive committee, which includes office holders Phou Puy, Hann Khieng, Oknha Kong Sang, Sok Cheng, Seng ...
http://www.phnompenhpost.com/index.php/2012052856413/Business/rice-alliance-formed.html
Guinea interested in Cambodian rice
The Republic of Guinea plans to import 40,000 tonnes of milled rice from Cambodia, Alpha Condé, the president of the West African nation, said during a recent visit to the Kingdom. The two countries will also look to follow up on agricultural technology co-operation agreed on ...
Cambodia: Economic Performance and Reform Update
The Cambodian economy has continued its high growth path as real GDP expanded by 6.9 percent in 2011 and is expected to grow by 6.6 percent in 2012, report from world bank said this week. Cambodia has been one of the fastest growing countries in the world over the past ten years, ...
More Chinese firms weigh local investment
Six companies from China’s Guangzhou city and Guangxi province met with Kim Sithan, Cambodia’s secretary of state at the Ministry of Commerce, yesterday to discuss investment in the country Heavy machinery, fertiliser and chemical companies expressed interest in Cambodia’s agricultural sector ...