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 prediction. For 2013, the agriculture sector is estimated to follow its normal growth rate of four percent year-on-year. The growth rate of the paddy rice subsector stays unchanged against our previous prediction of 6.2 p ercent year-on-year in 2012. This is due to mainly a high uncertainty in price movements during the upcoming harvest period of wet-season paddy rice, which is usually sold in the last quarter of the year. …
