[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.
Showing posts with label Agriculture and Agri-Business. Show all posts
Showing posts with label Agriculture and Agri-Business. Show all posts
September 6, 2012
India shows interest in cashew nuts processing
[PHNOM PENH POST]
India is considering establishing a cashew nut processing factory in
Cambodia to curb exports to India from third countries, according to
officials at the Indian embassy.
Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for processing, then exported to India.
“We thought about why the nuts have been exported by Vietnam to India. Why don’t we come to Cambodia and set up a processing factory here?
“So we’ve already sent our delegates to check the possibility of conducting a study to find out where most of the cashew nut trees are planted and where we can establish the plant.”
Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for processing, then exported to India.
“We thought about why the nuts have been exported by Vietnam to India. Why don’t we come to Cambodia and set up a processing factory here?
“So we’ve already sent our delegates to check the possibility of conducting a study to find out where most of the cashew nut trees are planted and where we can establish the plant.”
March 14, 2012
Rubber drives agro investment
[PHNOM PENH POST]
The value of approved agricultural projects in 2011 increased by more than 30 per cent compared to the year before, according to data from the Council for the Development of Cambodia.
The CDC approved 24 projects worth US$724.9 million last year, $674 million of which was in rubber plantations. Agro industry and rice milling attracted about $30 million and $19 million, respectively, the data showed. More than 82 per cent of the investment dollars came from overseas.
Cambodia’s potential for rubber cultivation, coupled with rising international demand in 2011, led to greatly increased foreign investment in rubber plantations, director general of Rural Development Bank Son Koun Thor said yesterday.
The government made rubber a priority sector due to high international prices, he said.
Most of the rubber investment came from Indonesia, Vietnam and Malaysia, business and economics lecturer at the University of Cambodia Chheng Kimlong said yesterday.
The value of approved agricultural projects in 2011 increased by more than 30 per cent compared to the year before, according to data from the Council for the Development of Cambodia.
The CDC approved 24 projects worth US$724.9 million last year, $674 million of which was in rubber plantations. Agro industry and rice milling attracted about $30 million and $19 million, respectively, the data showed. More than 82 per cent of the investment dollars came from overseas.
Cambodia’s potential for rubber cultivation, coupled with rising international demand in 2011, led to greatly increased foreign investment in rubber plantations, director general of Rural Development Bank Son Koun Thor said yesterday.
The government made rubber a priority sector due to high international prices, he said.
Most of the rubber investment came from Indonesia, Vietnam and Malaysia, business and economics lecturer at the University of Cambodia Chheng Kimlong said yesterday.
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 5, 2012
Corn sales fall, profits sought in cassava
[PHNOM PENH POST]
Revenues from Cambodian corn exports fell by 52 per cent last year as farmers scrapped the crop for the more lucrative, but less stable, cassava plant.
The Kingdom exported 35,381 tonnes of corn, worth US$2.2 million, in 2011, down from 86,533 tonnes worth $4.57 million the year before, data from the Ministry of Commerce shows.
By volume, the exports dropped by nearly 60 per cent.
Increased international demand for cassava in 2011 accounted for the decrease, Department of Statistics and Information director Kong Putheara said last week.
“Previously, most farmers grew only corn, but they saw the cassava market had more potential,” he said.
Despite a 211 per cent increase in cassava export revenues in 2011, instability in international demand for the crop, as well as changing border regulations in Thailand, has led to disappointment for the Kingdom’s new cassava growers this year.
Revenues from Cambodian corn exports fell by 52 per cent last year as farmers scrapped the crop for the more lucrative, but less stable, cassava plant.
The Kingdom exported 35,381 tonnes of corn, worth US$2.2 million, in 2011, down from 86,533 tonnes worth $4.57 million the year before, data from the Ministry of Commerce shows.
By volume, the exports dropped by nearly 60 per cent.
Increased international demand for cassava in 2011 accounted for the decrease, Department of Statistics and Information director Kong Putheara said last week.
“Previously, most farmers grew only corn, but they saw the cassava market had more potential,” he said.
Despite a 211 per cent increase in cassava export revenues in 2011, instability in international demand for the crop, as well as changing border regulations in Thailand, has led to disappointment for the Kingdom’s new cassava growers this year.
March 1, 2012
Hun Sen bans industry fishing at Tonle Sap lake permanently
[PHNOM PENH POST]
Prime Minister Hun Sen yesterday extended indefinitely a ban on commercial fishing in Tonle Sap lake, citing ongoing illegal fishing to the detriment of local villagers.
The premier had first imposed the ban on 35 fishing lots in the lake in August, as a result of what he said was their widespread destruction of fish resources, the Post reported at the time.
Despite government restrictions, Hun Sen claimed that illegal fishers continued to burden surrounding communities, often harassing villagers and using equipment that threatened the sustainability of the area.
As a result, the ban would be extended in order to return the Tonle Sap fishing grounds to those local villagers and to encourage conservation, he said.
“From now on, there won’t be any big business in Tonle Sap lake. Only ordinary people can catch fish [there] to support their families by using legal fishing marterials,” Hun Sen said to a graduation ceremony at the Institute of Technology in Phnom Penh.
Prime Minister Hun Sen yesterday extended indefinitely a ban on commercial fishing in Tonle Sap lake, citing ongoing illegal fishing to the detriment of local villagers.
The premier had first imposed the ban on 35 fishing lots in the lake in August, as a result of what he said was their widespread destruction of fish resources, the Post reported at the time.
Despite government restrictions, Hun Sen claimed that illegal fishers continued to burden surrounding communities, often harassing villagers and using equipment that threatened the sustainability of the area.
As a result, the ban would be extended in order to return the Tonle Sap fishing grounds to those local villagers and to encourage conservation, he said.
“From now on, there won’t be any big business in Tonle Sap lake. Only ordinary people can catch fish [there] to support their families by using legal fishing marterials,” Hun Sen said to a graduation ceremony at the Institute of Technology in Phnom Penh.
February 28, 2012
Cambodia looks to banking and agriculture to spur growth
[CHANNEL NEWS ASIA]
Cambodia: Garment-making has been a mainstay of Cambodia's fledgling economy, chalking up between 6 and 7 percent annually for the past four years.
But, the country is turning its focus back to the land in the hope that rice growing and other farming produce, will lift growth closer to 8 percent, making it among the world's fastest growing economies.
A contrast to and the yearly average GDP growth rate of 7.7 percent over the last ten years, according to the IMF.
Cambodia's central bank expects economic growth in 2012 to accelerate to its fastest pace in four years.
"One of the priority sector of the government is to develop the agriculture" said Nguon Sokha, Director General, National Bank of Cambodia.
"At the moment, growth is driven by the garment sector, tourism sector and construction. Cambodia is an agriculture land so we need to develop based on our natural resource."
Cambodia: Garment-making has been a mainstay of Cambodia's fledgling economy, chalking up between 6 and 7 percent annually for the past four years.
But, the country is turning its focus back to the land in the hope that rice growing and other farming produce, will lift growth closer to 8 percent, making it among the world's fastest growing economies.
A contrast to and the yearly average GDP growth rate of 7.7 percent over the last ten years, according to the IMF.
Cambodia's central bank expects economic growth in 2012 to accelerate to its fastest pace in four years.
"One of the priority sector of the government is to develop the agriculture" said Nguon Sokha, Director General, National Bank of Cambodia.
"At the moment, growth is driven by the garment sector, tourism sector and construction. Cambodia is an agriculture land so we need to develop based on our natural resource."
Cambodia's rubber sector attracts 674 mln USD investment last year, up 117 pct
[XINHUA]
PHNOM PENH, Feb. 23 -- Cambodia had granted licenses to 20 investment projects in rubber plantations and processing plants with the total investment cost of 674 million U.S. dollars, according to a government report on Thursday.
It showed a 117 percent rise in the rubber investment last year from only 311 million U.S. dollars with 15 projects in a year earlier, said the report of the Council for the Development of Cambodia.
The countries invested in the sector last year are Vietnam--14 projects with the investment of 630 million U.S. dollars, Australia--2 projects with 25 million U.S. dollars, and Cambodia-- 4 projects with 19 million U.S. dollars.
Rubber is one of the top priority cash crops for Cambodia. In the future, the government expects that the crop will become the second leading income earner in agricultural sector after rice paddy.
Last year, the country had exported 46,730 tons of rubber latex, an increase of 55 percent from 30,095 tons in a year earlier, according to the statistics of the Commerce Ministry on Monday.
PHNOM PENH, Feb. 23 -- Cambodia had granted licenses to 20 investment projects in rubber plantations and processing plants with the total investment cost of 674 million U.S. dollars, according to a government report on Thursday.
It showed a 117 percent rise in the rubber investment last year from only 311 million U.S. dollars with 15 projects in a year earlier, said the report of the Council for the Development of Cambodia.
The countries invested in the sector last year are Vietnam--14 projects with the investment of 630 million U.S. dollars, Australia--2 projects with 25 million U.S. dollars, and Cambodia-- 4 projects with 19 million U.S. dollars.
Rubber is one of the top priority cash crops for Cambodia. In the future, the government expects that the crop will become the second leading income earner in agricultural sector after rice paddy.
Last year, the country had exported 46,730 tons of rubber latex, an increase of 55 percent from 30,095 tons in a year earlier, according to the statistics of the Commerce Ministry on Monday.
February 22, 2012
Rubber investments in Kingdom jump 255%
[PHNOM PENH POST]
Investment in Cambodian rubber plantations increased by 255 per cent in 2011 on rising global demand for the commodity.
There were 20 new projects worth US$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine projects worth $190 million in 2010.
Cambodia is one of Southeast Asia’s last rubber-planting destinations.
The majority of the investment came from Asian countries as a result of increased global demand for rubber, in particular demand from the tyre industry.
There were 20 new projects worth US$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine projects worth $190 million in 2010.
Cambodia is one of Southeast Asia’s last rubber-planting destinations.
The majority of the investment came from Asian countries as a result of increased global demand for rubber, in particular demand from the tyre industry.
February 17, 2012
Cambodia could fall short on rice seeds
[PHNOM PENH POST]
Cambodia may fall short on the domestic demand for purified rice
seedlings, which could dampen rice exports, government officials have
said.
Ouk Makara, director of the Cambodian Agricultural Research & Development Institute (CARDI), said that businesses have been increasingly eager to purchase purified seeds from the institute.
He said that although CARDI produced 21 tonnes of purified seedlings in 2010 and increased production to 36 tonnes in 2011, the yielded amounts were unable to meet the market's demand for the seeds.
Ouk Makara, director of the Cambodian Agricultural Research & Development Institute (CARDI), said that businesses have been increasingly eager to purchase purified seeds from the institute.
He said that although CARDI produced 21 tonnes of purified seedlings in 2010 and increased production to 36 tonnes in 2011, the yielded amounts were unable to meet the market's demand for the seeds.
February 15, 2012
Govt backs rice loans
[PHNOM PENH POST]
The government plans to step in as a guarantor between Cambodia’s
commercial banks and the capital-starved rice sector, officials
confirmed yesterday.
The Ministry of Economy and Finance plans to guarantee US$25 million as collateral for loans to rice millers, Kalyan Mey, an advisor at the Supreme National Economic Council, said yesterday.
Cambodia’s rice millers often lack the capital to purchase large quantities of paddy rice or build rice processing plants.
They also fall short on the collateral needed in order to secure loans from commercial banks.
The Ministry of Economy and Finance plans to guarantee US$25 million as collateral for loans to rice millers, Kalyan Mey, an advisor at the Supreme National Economic Council, said yesterday.
Cambodia’s rice millers often lack the capital to purchase large quantities of paddy rice or build rice processing plants.
They also fall short on the collateral needed in order to secure loans from commercial banks.
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.
State loan for local cassava processor
[PHNOM PENH POST]
State-owned Rural Development Bank (RDB) has loaned a domestic cassava processor and exporter US$1 million in a bid to tame instability in the market for the crop, the bank said.
Loan recipient Power Unity Cambodia Investment Ltd will use the loan to buy cassava from Cambodian farmers and then export to China.
Cassava farmers, especially those in the Kingdom’s northeast, have expressed concern on unstable crop orders primarily from Thailand.
Prices for the plant soared in early to mid 2011, and farmers scraped other crops such as corn for the more lucrative cassava. Thai border regulations and oversupply in Thailand, however, have left many cassava fields in Cambodia unharvested, the Post reported.
Power Unity could not be reached yesterday but the Post reported in January that the company planned to export 300,000 tonnes of cassava to China this year.
State-owned Rural Development Bank (RDB) has loaned a domestic cassava processor and exporter US$1 million in a bid to tame instability in the market for the crop, the bank said.
Loan recipient Power Unity Cambodia Investment Ltd will use the loan to buy cassava from Cambodian farmers and then export to China.
Cassava farmers, especially those in the Kingdom’s northeast, have expressed concern on unstable crop orders primarily from Thailand.
Prices for the plant soared in early to mid 2011, and farmers scraped other crops such as corn for the more lucrative cassava. Thai border regulations and oversupply in Thailand, however, have left many cassava fields in Cambodia unharvested, the Post reported.
Power Unity could not be reached yesterday but the Post reported in January that the company planned to export 300,000 tonnes of cassava to China this year.
February 9, 2012
Rubber orders up for domestic exporter
[PHNOM PENH POST]
Mong Reththty Group, a Cambodian grower and exporter of palm oil, announced that 2011 exports to international markets increased 13 per cent.
Mong Reththy, a lawmaker from the Cambodian People’s Party and general director for the Mong Reththty Group, said that the company’s 2011 palm oil exports totalled about 17,000 tonnes and brought in US$17 million, while 2010 saw exports of 15,000 tonnes totalling $16 million.
The company has exported palm oil to Europe, India and Vietnam. He said that one tonne of palm oil currently sells for about $1,000. Khan Samban, director of the Department of Agro-Industry Crops at the Ministry of Agriculture, Forestry and Fisheries, said that the areas that oil palm trees can be grown are the Preah Sihanouk and Koh Kong provinces, but Koh Kong is yet to be cultivated. He said that the trees need a very specific environment in order to grow.
Mong Reththty Group, a Cambodian grower and exporter of palm oil, announced that 2011 exports to international markets increased 13 per cent.
Mong Reththy, a lawmaker from the Cambodian People’s Party and general director for the Mong Reththty Group, said that the company’s 2011 palm oil exports totalled about 17,000 tonnes and brought in US$17 million, while 2010 saw exports of 15,000 tonnes totalling $16 million.
The company has exported palm oil to Europe, India and Vietnam. He said that one tonne of palm oil currently sells for about $1,000. Khan Samban, director of the Department of Agro-Industry Crops at the Ministry of Agriculture, Forestry and Fisheries, said that the areas that oil palm trees can be grown are the Preah Sihanouk and Koh Kong provinces, but Koh Kong is yet to be cultivated. He said that the trees need a very specific environment in order to grow.
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 27, 2012
Cambodian-U.S. micro-lenders cooperate to improve agriculture finance
[XINHUA]
PHNOM PENH, Jan. 27 -- The United States government is partnering with a Cambodian microfinance institution, the Thaneakea Phum, to facilitate 2.71 million U.S. dollars in loans over the next four years to underserved Cambodian farmers and micro, small, and medium agricultural enterprises, according to a U.S. Embassy's press released on Friday.
The lending will focus on those farmers in the provinces of Battambang, Kampong Thom, Pursat, and Siem Reap, it said.
"The American people are proud to encourage private-sector lending in Cambodia to support rural agriculture. This is vital to fostering economic development and strengthening rural livelihoods in the country," said Jeff Daigle, Charge d'Affaires of the U.S. Embassy in Phnom Penh.
This new collaboration will help the Thaneakea Phum issue loans that are larger in size and with longer repayment schedules.
PHNOM PENH, Jan. 27 -- The United States government is partnering with a Cambodian microfinance institution, the Thaneakea Phum, to facilitate 2.71 million U.S. dollars in loans over the next four years to underserved Cambodian farmers and micro, small, and medium agricultural enterprises, according to a U.S. Embassy's press released on Friday.
The lending will focus on those farmers in the provinces of Battambang, Kampong Thom, Pursat, and Siem Reap, it said.
"The American people are proud to encourage private-sector lending in Cambodia to support rural agriculture. This is vital to fostering economic development and strengthening rural livelihoods in the country," said Jeff Daigle, Charge d'Affaires of the U.S. Embassy in Phnom Penh.
This new collaboration will help the Thaneakea Phum issue loans that are larger in size and with longer repayment schedules.
January 26, 2012
Nation needs cash to meet its fish target for 2019
[PHNOM PENH POST]
At least US$78 million would be needed to develop Cambodia’s fisheries sector in the next decade if the government was to reach its fish production target of 1.2 million tonnes by 2019, officials said at a ceremony on Monday.
Nao Thouk, director-general of the Fisheries Administrat-ion at the Ministry of Agriculture, Forestry and Fisheries, said his department would need $7 million a year to implement projects such as aquaculture and hatching stations for fresh and seawater fish species.
“With enough money, we’ll be able to produce the necess-ary quantity of fish,” he said. “But we don’t know if we’ll have enough funding.”
In 2011, Cambodia’s fish production had totalled 600,000 tonnes, an increase of 50,000 tonnes over 2010, Nao Thouk told the Post this month.
He said that by 2019, Cambodia could export 500,000 tonnes of fish with a value of up to $1 billion.
At least US$78 million would be needed to develop Cambodia’s fisheries sector in the next decade if the government was to reach its fish production target of 1.2 million tonnes by 2019, officials said at a ceremony on Monday.
Nao Thouk, director-general of the Fisheries Administrat-ion at the Ministry of Agriculture, Forestry and Fisheries, said his department would need $7 million a year to implement projects such as aquaculture and hatching stations for fresh and seawater fish species.
“With enough money, we’ll be able to produce the necess-ary quantity of fish,” he said. “But we don’t know if we’ll have enough funding.”
In 2011, Cambodia’s fish production had totalled 600,000 tonnes, an increase of 50,000 tonnes over 2010, Nao Thouk told the Post this month.
He said that by 2019, Cambodia could export 500,000 tonnes of fish with a value of up to $1 billion.
Foreign joint venture eyes banana farming in Koh Kong province
[PHNOM PENH POST]
A Japanese firm and an Australian company planned to invest more than US$35 million in a banana plantation, a factory and a port in Koh Kong province, the Ministry of Agriculture, Forestry and Fisheries said yesterday.
Australia-based Indochina Gateway Capital and Japan’s Sumifru Corporation would jointly invest in banana cultivation in the province’s Thma Baing district, MAFF plann-ing office director Por Ratana said.
The proposed $35 million investment would be for banana harvesting only.
No figure was available for how much the companies planned to invest in a proposed banana-drying factory and port.
Por Ratana said the comp-anies would export the fruit to African countries.
The companies had yet to sign a memorandum of understanding with Cambodia, Por Ratana noted.
A Japanese firm and an Australian company planned to invest more than US$35 million in a banana plantation, a factory and a port in Koh Kong province, the Ministry of Agriculture, Forestry and Fisheries said yesterday.
Australia-based Indochina Gateway Capital and Japan’s Sumifru Corporation would jointly invest in banana cultivation in the province’s Thma Baing district, MAFF plann-ing office director Por Ratana said.
The proposed $35 million investment would be for banana harvesting only.
No figure was available for how much the companies planned to invest in a proposed banana-drying factory and port.
Por Ratana said the comp-anies would export the fruit to African countries.
The companies had yet to sign a memorandum of understanding with Cambodia, Por Ratana noted.
Agriculture to see lending growth
[PHNOM PENH POST]
Some commercial banks could increase loans to the agricultural sector
this year, according to industry insiders who cited improvements in the
sector and a rise in crop prices.
Cambodian farmers lack the capital needed for inputs such as seeds and fertiliser, while domestic rice millers often can’t get credit to purchase large quantities of paddy, insiders said.
Experts have long said the dearth of loan activity in Cambodian agriculture stymied the sector’s development toward an economy of scale.
Cambodian farmers lack the capital needed for inputs such as seeds and fertiliser, while domestic rice millers often can’t get credit to purchase large quantities of paddy, insiders said.
Experts have long said the dearth of loan activity in Cambodian agriculture stymied the sector’s development toward an economy of scale.
January 23, 2012
2011 rubber prices surge 132 per cent on demand
[PHNOM PENH POST]
Cambodia's 2011 rubber exports and export prices grew by 55 per cent and 131 per cent respectively, according to data from the Ministry of Commerce obtained by the Post.
The data shows rubber exports last year totalled 46,727 tonnes, compared to 30,040 tonnes in 2010. Export prices also rose to $200.9 million from US$86.76 million in 2010.
Last year’s surge was primarily due to rising foreign demand and larger production hauls, Ly Phalla, general director of the Ministry of Agriculture, Forestry and Fisheries’ rubber department, said last week.
This rapid increase was not expec-ted to become a trend, he said.
“The world’s demand for rubber in 2012 is predicted to exceed that in 2011 by only 5.5 per cent due to a recovering Cambodian economy and slowed production in other fields,” Ly Phalla said.
Exports will continue to grow, he said, albeit at a slower pace.
Cambodia's 2011 rubber exports and export prices grew by 55 per cent and 131 per cent respectively, according to data from the Ministry of Commerce obtained by the Post.
The data shows rubber exports last year totalled 46,727 tonnes, compared to 30,040 tonnes in 2010. Export prices also rose to $200.9 million from US$86.76 million in 2010.
Last year’s surge was primarily due to rising foreign demand and larger production hauls, Ly Phalla, general director of the Ministry of Agriculture, Forestry and Fisheries’ rubber department, said last week.
This rapid increase was not expec-ted to become a trend, he said.
“The world’s demand for rubber in 2012 is predicted to exceed that in 2011 by only 5.5 per cent due to a recovering Cambodian economy and slowed production in other fields,” Ly Phalla said.
Exports will continue to grow, he said, albeit at a slower pace.
Subscribe to:
Posts (Atom)