Soybean Prices Increase as Farmers Move Away From Crop
The decreasing amount of farmers harvesting soybeans last year has limited supply and raised prices at the markets roughly 42 percent to 4,000 riel per kg, or about $1, according to an agricultural official and farmers. Cheam Chan Sorphaon, director of the provincial agriculture department in Battambang, said yesterday that the number of farmers growing soybeans last year decreased in favor of growing more popular and easily exportable cassava beans. … As a result of decreased supply in the market, vendors in Phnom Penh on Tuesday said that they have had to raise their prices per kg for soybean from 2,800 to 3,000 riel, or $0.70 to $0.75, last year to about 4,000 riel today. ...
