Once thought full of potential, Cambodia’s palm oil sector has mostly fizzled
At one time, palm oil production stirred a lot of excitement in Cambodia. Perhaps hoping to follow in the footsteps of palm oil giants Malaysia or Indonesia, more than 10 firms in Cambodia registered for land concessions for palm cultivation around a decade ago. Today, there is one left. The others decided palm oil production was not good for their bottom lines and have since switched to other crops, such as cassava, rubber trees and sugar cane. … The problem with palm oil in Cambodia is that much of the country is simply not suitable for the trees. …
