[XINHUA]
PHNOM PENH, Sept. 2 -- The office of the Indian Chamber of Commerce was officially launched here on Sunday to promote economic, trade and investment ties between the two countries.
The commerce office is to act on behalf of Indian business organizations and individuals for business facilitation, regulatory exchange as well as to promote India-Cambodia economic and bilateral relations, said a press release at the launching ceremony.
"It will act as the platform to guide Indian investments into Cambodia," said the press release.
Speaking at the event, Debasish Pattnaik, president of the Indian Chamber of Commerce in Cambodia, said the office was to be a liaison between Cambodia and India business houses and representing the private sector by showcasing the multiple opportunities both countries have to offer to each other.
"Our goal is to offer access to resources and network opportunities for anyone interested or active in investment or trade amongst Cambodia or India," said Pattnaik, who is also vice chairman and CEO of a Cambodia-based D&D Pattnaik Group of Companies.
Showing posts with label Trade. Show all posts
Showing posts with label Trade. Show all posts
September 6, 2012
Cambodia sees slight decrease in rice export in 7 months due to price competition
[XINHUA]
PHNOM PENH, Sept. 6 -- Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce's Camcontrol Department on Thursday.
However, the revenues from the export had increased by 23 percent to 63.4 million U.S. dollars during the January-July period this year thanks to rising rice prices in the international market.
Officials said that the decline in export quantity was due to tough competition in prices with other countries.
"The decline in export is due to tough price competition in the global market," said Khuon Savuth, chief of the Camcontrol Department's statistics division. "More importantly, we notice that the prices of Vietnamese and Indian rice are cheaper than us. "
Nonetheless, he expressed optimism that rice export would see growth again this year thanks to a newly signed rice agreement between Cambodia and Indonesia.
Indonesia signed last week to buy at least 100,000 tons of rice a year from Cambodia.
PHNOM PENH, Sept. 6 -- Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce's Camcontrol Department on Thursday.
However, the revenues from the export had increased by 23 percent to 63.4 million U.S. dollars during the January-July period this year thanks to rising rice prices in the international market.
Officials said that the decline in export quantity was due to tough competition in prices with other countries.
"The decline in export is due to tough price competition in the global market," said Khuon Savuth, chief of the Camcontrol Department's statistics division. "More importantly, we notice that the prices of Vietnamese and Indian rice are cheaper than us. "
Nonetheless, he expressed optimism that rice export would see growth again this year thanks to a newly signed rice agreement between Cambodia and Indonesia.
Indonesia signed last week to buy at least 100,000 tons of rice a year from Cambodia.
March 13, 2012
Cambodia's footwear exports rise 49 pct in 2011
[XINHUA]
PHNOM PENH, March 12 -- Cambodia had exported footwear products in equivalent to 264 million U.S. dollars last year, a 49 percent rise from 177 million U.S. dollars in a year earlier, a report by the Ministry of Commerce showed on Monday.
It said that the main markets for Cambodia-made shoes are the United States, European countries, Canada, Japan and some Asian countries.
According to the report, the country has 40 footwear factories employing 62,470 workers - 90 percent of them are female.
The sector spent about 60 million U.S. dollars for workers' wages per annum, it said.
Speaking at the annual commerce meeting on Monday, Cham Prasidh, Minister of Commerce, said that the country's shoe industry has been remarkably grown in recent years and it would be one of the potential sectors for economic development in the near future.
PHNOM PENH, March 12 -- Cambodia had exported footwear products in equivalent to 264 million U.S. dollars last year, a 49 percent rise from 177 million U.S. dollars in a year earlier, a report by the Ministry of Commerce showed on Monday.
It said that the main markets for Cambodia-made shoes are the United States, European countries, Canada, Japan and some Asian countries.
According to the report, the country has 40 footwear factories employing 62,470 workers - 90 percent of them are female.
The sector spent about 60 million U.S. dollars for workers' wages per annum, it said.
Speaking at the annual commerce meeting on Monday, Cham Prasidh, Minister of Commerce, said that the country's shoe industry has been remarkably grown in recent years and it would be one of the potential sectors for economic development in the near future.
March 8, 2012
Increasing prices drive Kingdom’s rubber
[PHNOM PENH POST]
Rubber production in early 2012 increased 21 per cent when compared to
the end of 2011, according to Mak Kim Hong, president of the Cambodian
Rubber Association.
He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, compared to $3,150 late last year.
Total exports last year reached 46,727 tonnes and $200.93 million, a more than 55 per cent increase from 2010’s 30,040 tonnes at $86.76 million, according to date from the Ministry of Commerce.
Cambodia is the main rubber supplier to China, Malaysia and Singapore.
He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, compared to $3,150 late last year.
Total exports last year reached 46,727 tonnes and $200.93 million, a more than 55 per cent increase from 2010’s 30,040 tonnes at $86.76 million, according to date from the Ministry of Commerce.
Cambodia is the main rubber supplier to China, Malaysia and Singapore.
March 7, 2012
Cambodia’s trade with Hong Kong jumps 22%
[PHNOM PENH POST]
Bilateral trade between Cambodia and Hong Kong rose more than 22 per cent year-on-year in 2011, according to data from the Hong Kong Trade Development Council, whose regional base is in Hanoi.
Total trade was US$741 million, compared with $607 million in 2010.
Cambodia’s exports to Hong Kong grew more than 90 per cent to $42 million, from $22 million two years ago, and imports from Hong Kong grew 20 per cent to $698 million.
Experts say this growth has been caused by the improving state of both economies.
“Because our economy is improving, we can produce more to export,” Ministry of Commerce director-general Sok Sopheak said.
He said trade with Hong Kong was often cheaper than with other ASEAN countries as Hong Kong did not impose high taxes on imports.
Improvements in Cambodia’s garment and textile industries had brought more investment from Hong Kong as well, Cambodia Chamber of Commerce director-general Nguon Meng Tech said.
Bilateral trade between Cambodia and Hong Kong rose more than 22 per cent year-on-year in 2011, according to data from the Hong Kong Trade Development Council, whose regional base is in Hanoi.
Total trade was US$741 million, compared with $607 million in 2010.
Cambodia’s exports to Hong Kong grew more than 90 per cent to $42 million, from $22 million two years ago, and imports from Hong Kong grew 20 per cent to $698 million.
Experts say this growth has been caused by the improving state of both economies.
“Because our economy is improving, we can produce more to export,” Ministry of Commerce director-general Sok Sopheak said.
He said trade with Hong Kong was often cheaper than with other ASEAN countries as Hong Kong did not impose high taxes on imports.
Improvements in Cambodia’s garment and textile industries had brought more investment from Hong Kong as well, Cambodia Chamber of Commerce director-general Nguon Meng Tech said.
February 17, 2012
Good ties boost investment, trade, tourism between Cambodia, China
[Xinhua]
PHNOM PENH, Feb. 17 -- The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries' good relations, said officials Friday.
Cambodia attracted China's investments of 1.19 billion U.S. dollars in 2011, up 71 percent from 694 million U.S. dollars in a year earlier, according to the Council for the Development of Cambodia (CDC).
China's 22 investment projects last year focused on property development, mineral business and processing plants, motorcycle assembly factories, gold mining, rice mill and garment factories.
The bilateral trades amounted to 2.5 billion U.S. dollars last year, up 73.5 percent, the highest growth rate among the bilateral trade between China and other ASEAN countries, according to the statistics provided by the Chinese Embassy.
Chheng Kimlong, an economics lecturer at the University of Cambodia, said the strong bilateral relations between the two countries are the most important factor resulting in sharp rises in the bilateral trade and investment.
PHNOM PENH, Feb. 17 -- The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries' good relations, said officials Friday.
Cambodia attracted China's investments of 1.19 billion U.S. dollars in 2011, up 71 percent from 694 million U.S. dollars in a year earlier, according to the Council for the Development of Cambodia (CDC).
China's 22 investment projects last year focused on property development, mineral business and processing plants, motorcycle assembly factories, gold mining, rice mill and garment factories.
The bilateral trades amounted to 2.5 billion U.S. dollars last year, up 73.5 percent, the highest growth rate among the bilateral trade between China and other ASEAN countries, according to the statistics provided by the Chinese Embassy.
Chheng Kimlong, an economics lecturer at the University of Cambodia, said the strong bilateral relations between the two countries are the most important factor resulting in sharp rises in the bilateral trade and investment.
February 15, 2012
Vietnamese goods succeed in Cambodian market
[Tuoitrenews.vn]
Vietnamese goods have won favour in the Cambodian market for their quality and reasonable prices, said Phan Van Chinh, Director of the Import-Export Department under the Ministry of Industry and Trade.
He further said that 2012 is expected to open up many opportunities for Vietnamese enterprises to boost exports as the Cambodian economy is recovering quickly and the investment environment is more favourable.
In 2011, Vietnam was among Cambodia ’s leading trade partners, with 2.4 billion USD exports to Cambodia , up 53 percent. Two-way trade turnover between the two countries reached 2.8 billion USD.
Vietnam also led other ASEAN nations investing in Cambodia in 2011, with 631 million USD out of the total of 880 million USD from the bloc, according to statistics of the Cambodian Development Council (CDC).
Vietnam has 50 projects in the neibouring country, focusing on rubber plantations and processing, telecoms, tourism, garment and mining.
Many Vietnamese banks have opened branches in Cambodia , effectively supporting Vietnamese investors in this country. They are Agribank, BIDV, Sacombank , MB bank and SHB bank.
Vietnamese goods have won favour in the Cambodian market for their quality and reasonable prices, said Phan Van Chinh, Director of the Import-Export Department under the Ministry of Industry and Trade.
He further said that 2012 is expected to open up many opportunities for Vietnamese enterprises to boost exports as the Cambodian economy is recovering quickly and the investment environment is more favourable.
In 2011, Vietnam was among Cambodia ’s leading trade partners, with 2.4 billion USD exports to Cambodia , up 53 percent. Two-way trade turnover between the two countries reached 2.8 billion USD.
Vietnam also led other ASEAN nations investing in Cambodia in 2011, with 631 million USD out of the total of 880 million USD from the bloc, according to statistics of the Cambodian Development Council (CDC).
Vietnam has 50 projects in the neibouring country, focusing on rubber plantations and processing, telecoms, tourism, garment and mining.
Many Vietnamese banks have opened branches in Cambodia , effectively supporting Vietnamese investors in this country. They are Agribank, BIDV, Sacombank , MB bank and SHB bank.
February 14, 2012
Rice exports flounder
[PHNOM PENH POST]
Cambodia's milled-rice exports struggled to compete on international
markets as increased supply from India forced down regional prices,
experts and officials said yesterday.
The Kingdom has continued to fill orders made in 2011, but industry insiders said new orders for the grain fell in January. Higher energy and milling costs in Cambodia could further stymie new orders for milled rice in February.
Tim Purcell, director of Agricultural Development International, confirmed that orders for milled rice fell last month.
The Kingdom has continued to fill orders made in 2011, but industry insiders said new orders for the grain fell in January. Higher energy and milling costs in Cambodia could further stymie new orders for milled rice in February.
Tim Purcell, director of Agricultural Development International, confirmed that orders for milled rice fell last month.
February 11, 2012
Cambodia's trade with China in 2011 up 73.5 pct
[XINHUA]
PHNOM PENH, Feb. 9 -- The bilateral trade between Cambodia and China amounted to 2.5 billion U.S. dollars last year, up 73.5 percent from a year earlier, according to a report issued by the Chinese embassy in Phnom Penh on Thursday.
"The growth of trade between China and Cambodia is the highest among the bilateral trade between China and other ASEAN countries," said the report.
Cambodia's export to China totaled 184 million U.S. dollars, increased 96.8 percent, and China's exports to Cambodia reached 2. 31 billion U.S. dollars, up 71.8 percent.
Cambodia's main imports from China were garment raw materials, machinery, motorcycles, cars, foodstuffs, electronics, furniture, medicines and cosmetics.
The items the country exported to China were agricultural products, rubber, fishery, timber and textile.
PHNOM PENH, Feb. 9 -- The bilateral trade between Cambodia and China amounted to 2.5 billion U.S. dollars last year, up 73.5 percent from a year earlier, according to a report issued by the Chinese embassy in Phnom Penh on Thursday.
"The growth of trade between China and Cambodia is the highest among the bilateral trade between China and other ASEAN countries," said the report.
Cambodia's export to China totaled 184 million U.S. dollars, increased 96.8 percent, and China's exports to Cambodia reached 2. 31 billion U.S. dollars, up 71.8 percent.
Cambodia's main imports from China were garment raw materials, machinery, motorcycles, cars, foodstuffs, electronics, furniture, medicines and cosmetics.
The items the country exported to China were agricultural products, rubber, fishery, timber and textile.
February 8, 2012
Exports to Korea climb 100%
[PHNOM PENH POST]
Cambodia's exports to South Korea rose by more than 100 per cent last
year, according to officials at the Korea Trade-Investment Promotion
Agency (KOTRA).
Agricultural and garment exports largely accounted for the surge.
KOTRA data shows total exports were worth US$87.3 million in 2011, compared with $43.4 million the previous year.
Total imports from Korea also rose 35.4 per cent to $450.7 million, compared with $333 million a year earlier.
KOTRA director-general Kwang Ho Lee said the largest increases had been in the vehicle and automotive-parts sector.
Agricultural and garment exports largely accounted for the surge.
KOTRA data shows total exports were worth US$87.3 million in 2011, compared with $43.4 million the previous year.
Total imports from Korea also rose 35.4 per cent to $450.7 million, compared with $333 million a year earlier.
KOTRA director-general Kwang Ho Lee said the largest increases had been in the vehicle and automotive-parts sector.
February 6, 2012
Cambodia's rice exporters cartel formed
[XINHUA]
PHNOM PENH, Feb. 5 -- Some 100 rice exporters and millers have jointly formed a Cambodian Rice Exporters Association in a bid to boost rice export, said the group's newly appointed president on Sunday.
"The aim of the establishment is to unite all rice exporters and millers in order to supply rice in large quantities to foreign buyers," said Lim Bunheng, who is also chairman of a leading rice exporter Loran Import-Export.
"With the association, we dare to sign contracts with foreign buyers in large amount purchase orders," he said, adding "the association will contribute to the government's scheme to export one million tons of milled rice by 2015."
The Cambodian Rice Exporters Association was officially launched on Feb. 2, he said.
Cambodia is an agrarian country. More than 80 percent of the population is farmers. In August, 2010, the government has launched the rice export promotion strategy, aiming at exporting one million tons of milled rice by 2015.
PHNOM PENH, Feb. 5 -- Some 100 rice exporters and millers have jointly formed a Cambodian Rice Exporters Association in a bid to boost rice export, said the group's newly appointed president on Sunday.
"The aim of the establishment is to unite all rice exporters and millers in order to supply rice in large quantities to foreign buyers," said Lim Bunheng, who is also chairman of a leading rice exporter Loran Import-Export.
"With the association, we dare to sign contracts with foreign buyers in large amount purchase orders," he said, adding "the association will contribute to the government's scheme to export one million tons of milled rice by 2015."
The Cambodian Rice Exporters Association was officially launched on Feb. 2, he said.
Cambodia is an agrarian country. More than 80 percent of the population is farmers. In August, 2010, the government has launched the rice export promotion strategy, aiming at exporting one million tons of milled rice by 2015.
January 30, 2012
Kingdom considers oil imports from Iran
The announcement comes at a time when the United States and European Union have approved some of the toughest sanctions yet against the Islamic country.
Cambodian officials have maintained that the Kingdom will take foreign direct investment from all interested nations.
The US Embassy in Phnom Penh said yesterday that it expected all United Nations members to take into consideration US regulations when dealing with Iran.
Deputy Prime Minister Sok An and Iranian Ambassador Seyed Javad Ghavam Shahidi agreed on Thursday to strengthen economic ties between the two countries, Council of Ministers spokesman Ek Tha said yesterday.
January 26, 2012
Cambodia sees trade deficit of 1.73 bln USD in 2011
[PHNOM PENH POST]
PHNOM PENH, Jan. 25 -- Cambodia recorded a trade deficit equivalent to 1.73 billion U.S. dollars in 2011, according to the statistics of the Commerce Ministry on Wednesday.
It showed that the country's total import and export value was 11.47 billion U.S. dollars last year, up 39 percent from 8.26 billion U.S. dollars in a year earlier.
The imports last year jumped by 38 percent to 6.6 billion U.S. dollars, and the exports increased by 39.5 percent to 4.87 billion U.S. dollars, leading the trade deficit of 1.73 billion U.S. dollars, it added.
Cambodia is heavily dependent on international trade and its economy relies on garment industry, tourism, agriculture and construction.
According to the statistics, the main products Cambodia exported last year included garment and textile in equivalent to 4. 24 billion U.S. dollars, representing up to 87 percent of the country's total exports.
PHNOM PENH, Jan. 25 -- Cambodia recorded a trade deficit equivalent to 1.73 billion U.S. dollars in 2011, according to the statistics of the Commerce Ministry on Wednesday.
It showed that the country's total import and export value was 11.47 billion U.S. dollars last year, up 39 percent from 8.26 billion U.S. dollars in a year earlier.
The imports last year jumped by 38 percent to 6.6 billion U.S. dollars, and the exports increased by 39.5 percent to 4.87 billion U.S. dollars, leading the trade deficit of 1.73 billion U.S. dollars, it added.
Cambodia is heavily dependent on international trade and its economy relies on garment industry, tourism, agriculture and construction.
According to the statistics, the main products Cambodia exported last year included garment and textile in equivalent to 4. 24 billion U.S. dollars, representing up to 87 percent of the country's total exports.
January 20, 2012
Export figures up 42% in 2011
[PHNOM PENH POST]
Strong growth in garment, textile and agricultural exports drove a 42.7 per cent year-on-year increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows.
The Kingdom exported US$4.98 billion in goods last year, compared with $3.49 billion the year before.
Market diversification and a relaxing of rules of origin in the euro zone fuelled last year’s growth, insiders and experts say.
Heightened awareness of export schemes among investors, as well as government facilitation, also contributed to growth.
“We got duty-free export treatment in the European Union, so we have more buyers. We had a huge increase in exports to that market last year,” Garment Manufacturers Association of Cambodia (GMAC) secretary-general Ken Loo said yesterday.
Strong growth in garment, textile and agricultural exports drove a 42.7 per cent year-on-year increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows.
The Kingdom exported US$4.98 billion in goods last year, compared with $3.49 billion the year before.
Market diversification and a relaxing of rules of origin in the euro zone fuelled last year’s growth, insiders and experts say.
Heightened awareness of export schemes among investors, as well as government facilitation, also contributed to growth.
“We got duty-free export treatment in the European Union, so we have more buyers. We had a huge increase in exports to that market last year,” Garment Manufacturers Association of Cambodia (GMAC) secretary-general Ken Loo said yesterday.
January 18, 2012
Cambodia's garment export rises remarkably in 2011
[XINHUA]
PHNOM PENH, Jan. 17 -- Cambodia's garment export rose remarkably in 2011, according to a report released Tuesday by National Alliance Chamber of Cambodia (NACC).
"The total exports in 2011 amounted to 4 billion U.S. dollars, some 500 million U.S. dollars more than expected, " the report said, adding that in 2010, the total exports was just more than 3 billion U.S. dollars.
Also in 2011, roughly 50 new factories was opened in Cambodia, while only one suspended operation, it said.
On the labor force, NACC said the minimum salary for some 450, 000 Cambodian workers in this sector in 2011 was 61 to 75 U.S. dollars per month.
However, the average salary including their overtime payment was between 95 to 155 U.S. dollars per month.
According to the report, the impressive point for those employed in this sector is that they can help their dependents at home, especially in the rural areas.
"Based on our research, salary for one garment worker can help support three persons," the report said.
NACC, meanwhile, noted that strikes in 2011 remarkably decreased from years earlier.
It said there were only 33 cases recorded in 2011.
Garment is one of the major export earners for the country's economy.
PHNOM PENH, Jan. 17 -- Cambodia's garment export rose remarkably in 2011, according to a report released Tuesday by National Alliance Chamber of Cambodia (NACC).
"The total exports in 2011 amounted to 4 billion U.S. dollars, some 500 million U.S. dollars more than expected, " the report said, adding that in 2010, the total exports was just more than 3 billion U.S. dollars.
Also in 2011, roughly 50 new factories was opened in Cambodia, while only one suspended operation, it said.
On the labor force, NACC said the minimum salary for some 450, 000 Cambodian workers in this sector in 2011 was 61 to 75 U.S. dollars per month.
However, the average salary including their overtime payment was between 95 to 155 U.S. dollars per month.
According to the report, the impressive point for those employed in this sector is that they can help their dependents at home, especially in the rural areas.
"Based on our research, salary for one garment worker can help support three persons," the report said.
NACC, meanwhile, noted that strikes in 2011 remarkably decreased from years earlier.
It said there were only 33 cases recorded in 2011.
Garment is one of the major export earners for the country's economy.
January 13, 2012
Milled-rice exports grew 150% in 2011
[PHNOM PENH POST]
Milled-rice exports from Cambodia’s largest millers’ association had a 150 per cent year-on-year increase in 2011.
The Federation of Cambodian Rice Millers (FCRMA), the Kingdom’s biggest exporter of milled rice, shipped about 100,000 tonnes of the processed grain to the European Union and some Asian countries last year, association president Phou Puy said yesterday.
At US$900 to $1,000 a tonne, according to association officials, the trade was worth about $95 million.
A higher level of compliance among member millers, as well as increased access to credit, accounted for the jump from 40,000 tonnes exported last year, Phou Puy said.
The Federation of Cambodian Rice Millers (FCRMA), the Kingdom’s biggest exporter of milled rice, shipped about 100,000 tonnes of the processed grain to the European Union and some Asian countries last year, association president Phou Puy said yesterday.
At US$900 to $1,000 a tonne, according to association officials, the trade was worth about $95 million.
A higher level of compliance among member millers, as well as increased access to credit, accounted for the jump from 40,000 tonnes exported last year, Phou Puy said.
January 12, 2012
Cassava processing, China trade planned
[PHNOM PENH POST]
Cambodia-Thai joint venture Power Unity Cambodia Investment Co Ltd planned to export 300,000 tonnes of dry cassava to China this year after the company launched a cassava processing plant in Siem Reap province next month, a company official said.
Hour Seak Pheng, deputy director of the company, told the Post yesterday it had spent about US$600,000 on the joint venture.
It would be the first of its kind in the province, he said.
The plant, which was 90 per cent complete and would be completed in February, would operate on international standards demanded by the Chinese importers, Hour Seak Pheng said.
He said he expected the industry to generate jobs in the region.
“The plant will improve people’s living standards by building a strong cassava market with suitable prices for [locals].”
Cambodia-Thai joint venture Power Unity Cambodia Investment Co Ltd planned to export 300,000 tonnes of dry cassava to China this year after the company launched a cassava processing plant in Siem Reap province next month, a company official said.
Hour Seak Pheng, deputy director of the company, told the Post yesterday it had spent about US$600,000 on the joint venture.
It would be the first of its kind in the province, he said.
The plant, which was 90 per cent complete and would be completed in February, would operate on international standards demanded by the Chinese importers, Hour Seak Pheng said.
He said he expected the industry to generate jobs in the region.
“The plant will improve people’s living standards by building a strong cassava market with suitable prices for [locals].”
January 11, 2012
Kingdoms’ trade: Cambodian cassava on way to China
[PHNOM PENH POST]
Three thousend tonnes of dry cassava chips will be shipped from Phnom Penh Autonomous Port on January 15.
The shipment is part of a 1 million tonne order by China National Food Industry Group, the first ever to China, and is the largest shipment of the product in the port’s history, according to officials.
“Previously, we have shipped very little [dry cassava chips],” Eang Veng Sun, vice general director of PPAP.
“It is the first time we did so on such a big scale.”
Oh Jae Hoon, cargo manager of Pan Continental, the logistics company handling the shipment, said the first shipment will consist of at least four barges, and is expected to arrive in China fifteen days later.
In August 2011, China National Food Industry Group signed a 1 million-tonne import agreement with Cambodian agricultural firm Ly Ye Rubber Company.
At that time, Cai Yong Feng, chairman of the Chinese firm, said cassava is a rapidly expanding industry in Cambodia.
Three thousend tonnes of dry cassava chips will be shipped from Phnom Penh Autonomous Port on January 15.
The shipment is part of a 1 million tonne order by China National Food Industry Group, the first ever to China, and is the largest shipment of the product in the port’s history, according to officials.
“Previously, we have shipped very little [dry cassava chips],” Eang Veng Sun, vice general director of PPAP.
“It is the first time we did so on such a big scale.”
Oh Jae Hoon, cargo manager of Pan Continental, the logistics company handling the shipment, said the first shipment will consist of at least four barges, and is expected to arrive in China fifteen days later.
In August 2011, China National Food Industry Group signed a 1 million-tonne import agreement with Cambodian agricultural firm Ly Ye Rubber Company.
At that time, Cai Yong Feng, chairman of the Chinese firm, said cassava is a rapidly expanding industry in Cambodia.
Organic palm sugar exports increase
[PHNOM PENH POST]
Cambodian distribution company Confirel yesterday reported a 10 per cent increase in its exports of organic palm sugar in 2011, bringing its total annual exports to 32 tonnes.
Confirel general manager Hay Ly Eang attributed the increase to the rising popularity of organic palm sugar in European markets.
“The current European demand exceeds the amount that Cambodia is able to produce at the moment,” he said.
The company also exports to Japan, South Korea, and Taiwan, among other countries.
The organic sugar sold for US$1,280 a tonne, he said, adding that the company planned to export between 35 and 40 tonnes this year.
Cambodian distribution company Confirel yesterday reported a 10 per cent increase in its exports of organic palm sugar in 2011, bringing its total annual exports to 32 tonnes.
Confirel general manager Hay Ly Eang attributed the increase to the rising popularity of organic palm sugar in European markets.
“The current European demand exceeds the amount that Cambodia is able to produce at the moment,” he said.
The company also exports to Japan, South Korea, and Taiwan, among other countries.
The organic sugar sold for US$1,280 a tonne, he said, adding that the company planned to export between 35 and 40 tonnes this year.
January 5, 2012
Kingdom’s ports see busy 2011
[PHNOM PENH POST]
Revenues from shipments passing through Sihanoukville Autonomous Port rose 7 per cent year-on-year in 2011, according to port officials.
Total revenues last year reached US$30.5 million, up from $28.5 million in 2010, SAP data show.
The growing Cambodian economy forced domestic manufacturers to boost their production, thereby increasing cargo traffic, port General Director Lou Kim Chhun said yesterday.
“As normal, if our economy increases, the shipment of cargoes also hikes,” he said, adding that he expected the trend to continue in 2012.
Those shipments included exports of milled rice, clothes and wood, and imports of construction material, electronics and raw materials for garment manufacturing, according to Lou Kim Chhun.
Milled rice exports showed a significant jump year-on-year, soaring 199 per cent to about 133,000 tonnes, up from about 44,500 in 2010.
Revenues from shipments passing through Sihanoukville Autonomous Port rose 7 per cent year-on-year in 2011, according to port officials.
Total revenues last year reached US$30.5 million, up from $28.5 million in 2010, SAP data show.
The growing Cambodian economy forced domestic manufacturers to boost their production, thereby increasing cargo traffic, port General Director Lou Kim Chhun said yesterday.
“As normal, if our economy increases, the shipment of cargoes also hikes,” he said, adding that he expected the trend to continue in 2012.
Those shipments included exports of milled rice, clothes and wood, and imports of construction material, electronics and raw materials for garment manufacturing, according to Lou Kim Chhun.
Milled rice exports showed a significant jump year-on-year, soaring 199 per cent to about 133,000 tonnes, up from about 44,500 in 2010.
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