Agriculture and fishing

Cambodia could borrow US$1.1 billion from other countries in 2012, 75 per cent more than this year, to help repair infrastructure damaged in flooding and support efforts to increase rice exports to one million tonnes by 2015, a senior official said yesterday. Cheam Yeap, chairman of ...

Cambodian crocodile farmers have blamed the falling price of the reptile on flooding, which they say has turned away Thai and Vietnamese buyers – the market’s cornerstone. Prices for young crocodiles have dropped 25 per cent since August, Kandal breeder Kaing Sarin said. His reptiles fetched ...

The Royal Cambodian Government has given another slice of the Boeung Per Wildlife Sanctuary to the agro-industry. A report in the Royal book released on October 12 states that 1,410 hectares had been granted to two unidentified private businesses for development, particularly the planting of rubber ...

Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...

Total outstanding loans in the microfinance sector reached $815.47 million in the third quarter, a 25.8 percent rise compared to beginning of the year, according to data released yesterday by the Cambodia Microfinance Association (CMA) Despite growth in the sector, microfinance institutions said nonperforming loans were ...

Total exports during the first nine months of the year rose 41 percent to $3.5 billion compared to the same period in 2010, according to data released by the Ministry of Commerce. Of the total amount, $3.1 billion was in garments, $10 million in paddy rice, ...

October marks the start of the main rice harvest in Thailand, the world’s largest exporter of the grain. Traders are waiting to see the full impact of flooding on the crop, but it’s already clear that output across Southeast Asia will fall substantially. The U.N.’s ...

The worst floods in a decade may boost the number of nonperforming loans in the Kingdom’s microfinance industry in the fourth quarter, insiders said yesterday. However, those insiders said the damage done to Cambodia’s agriculture sector would not have a significant impact given the MFIs’ diversified ...

The Minister for Agriculture yesterday appealed to buyers to address the shortage of pigs in Phnom Penh by applying for licenses that would allow them to import more livestock from neighbouring countries. An industry representative and a market expert, however, warned of the potential fallout that ...

The Agriculture Ministry is preparing to distribute rice seedlings in an effort to replace more than 220,000 hectares of rice paddy that has been destroyed by flooding. However, by the time floodwaters recede, there won’t be enough time left in the rainy season to replant ...

With ongoing floods causing an unprecedented $521 million in estimated damages, economists warn that poor farmers are being the hardest hit. The latest government estimate marks a roughly threefold increase from an earlier prediction of more than $161 million, which was the cost of the ...

The Kingdom’s fish exports declined 48 per cent in the first nine months of 2011, as a result of growing local demand, according to Ministry of Commerce figures. The statistics showed that Cambodia’s export of fish totalled 1,099 tonnes from January to September, compared to 2,123 ...

The latest United Nations assessment shows that the damage from flooding is far worse than previously thought, according to a report received by the Post late yesterday. Drawing on data from three ministries as well as the National Committee for Disaster Management (NCDM), the assessment raises ...

With few reforms made in the past year, Cambodia ranked 138th out of 181 countries for the second consecutive year in the World Bank’s ‘Doing Business’ report released yesterday, a ranking that put it behind countries such as Syria and Sudan. The report ranks countries based ...

NGO Friends International launched a government-backed campaign yesterday to discourage visitors from participating in “orphanage tourism” in an effort to protect children from being exploited, organizers said yesterday Citing an unreleased report by Unicef and the Ministry of Social Affairs, James Sutherland, international communications coordinator for ...

The Kingdom’s cassava exports soared 94 per cent year-on-year in the first nine months of 2011, despite the recent flood devastation the agriculture sector has experienced, according to Ministry of Commerce figures. The statistics showed that Cambodia’s export of dry and fresh cassava hit about 22,652 ...

Cambodia’s banks should be largely spared the heavy damages already seen in many parts of the Kingdom’s economy, officials said yesterday, though microfinance lenders will feel some impact. Minister of Economy and Finance Keat Chhon last week revised downward the government’s gross domestic products for 2011 ...

A new lobster-breeding program could generate up to $600 million in revenues over the next five years, according to Nao Thuok, director of the Fisheries Administration at the Ministry of Agriculture Mr Thuok first mentioned the new breeding program at a meeting in Phnom Penh hosted ...

Cambodia is unlikely to meet even half of its 2015 goal to export 1 million tons of milled rice unless export and production costs are greatly reduced and more private investment goes toward the agriculture sector, according to a new World Bank study obtained Monday. The ...

Cambodia firm Overseas Cambodia Investment Corporation yesterday signed a Memorandum of Understanding with a Singapore-based company to develop a high-output rice seed factory in the Kingdom. The cooperation between major investment firm OCIC and agriculture research company Smah Prum Royal International Pte Ltd is set to ...

PHNOM PENH: Malaysia expects to minimise its dependence on imports of animal feed and lessen the impact of the global food crisis by 2020 under the reciprocal investment policy, Agriculture and Agro-based Minister Datuk Seri Noh Omar said. One such initiative under the policy was the ...

City Hall coordinated the release of 120 tons of rice in cooperation with the state-run Rural Development Bank yesterday to keep prices in the city stable amid reports that vendors were using the current floods to gouge customers. Last week, Prime Minister Hun Sen said the ...

A Malaysian firm on Saturday signed a joint agricultural agreement with property development company Paragon Corporation Cambodia worth a potential US$2 billion in exports of corn, rubber, coffee and other cash crops. Penned by Paragon Corporation Cambodia and Markmore Group Malaysia, the joint development project will ...

The Delegation of the European Union to Cambodia in collaboration with the Council for Agricultural and rural Development, Ministry of Agriculture, Forestry and Fisheries and three of the EU-funded projects (CEDAC, HKI, WHH) on October 6 organized a Food Security Project Workshop “Improving Food Security—Lessons ...