Drop-off in beverage imports questioned

Aug 29th at 13:56
29-08-2013 13:56:42+07:00

Drop-off in beverage imports questioned

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year.

The seemingly conflicting figures left some scratching their heads. Meng Saktheara, director general of the Ministry of Industry, Mines and Energy, said yesterday that the numbers weren’t realistic amid an environment of increased demand and limited domestic beverage production, which increased only slightly in the past year.

“The 51 per cent rate of decline is too much, and I do not think local production can be able to reduce the amount of import in such a big rate,” Theara said. “Even if we have seen increases in some brewery factories to serve local consumption, I think our production capacity is still [limited] to balance demand.”

According to data from the Ministry of Commerce, Cambodia imported about 720,000 litres of alcohol and non-alcoholic drinks in the first half of this year, down from nearly 1.5 million litres in the same period of 2012.

Kong Putheara, director of the statistics department at the Ministry of Commerce, relayed comments about the puzzling statistics to an official at Camcontrol, an institute that records import and export information. But when contacted by phone yesterday, the representative said he was not authorised to speak to the media.

In recent months, critics have pointed out that the problem of reliable data is becoming more urgent, as the creation of the ASEAN economic community in 2015 will use government data to create lasting policies.

This isn’t the first time that official data has been questioned by officials in recent months. In May, Ministry of Commerce data showed that Cambodia exported nearly 50 tonnes of fish products in the first quarter of the year – a able drop from the 620 tonnes over the same period in 2012.

Nao Thouk, director-general of the Fisheries Administration at the Ministry of Agriculture, Forestry and Fisheries, said at the time that he was hesitant to believe the figures.

With fish consumption rising, Thouk noted, exports may have declined to meet demand, but the dip doesn’t go well with Cambodia’s plans to boost fishery production to 500,000 tonnes annually by 2019.

phnompenh post



NEWS SAME CATEGORY

Cambodian casinos may be at risk

As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld...

PM calls for Malaysian investment

Prime Minister Hun Sen yesterday urged Malaysian investors to buy into Cambodia’s rice-milling sector to enable more exports and contribute to the country’s...

City poised for shopping mall boom

After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her.

A rare delicacy hard to sell

Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the...

After poll, confidence dips: study

Confidence in the Cambodian economy has plummeted roughly 50 per cent in the tense post-election period, according to a market research survey of foreign business...

Company launches digital ad operation

Cambodian Investment Management’s social-media marketing and advertising business has launched Dynamo Innovative Digital Advertising, the group said last week.

Blending may fuel energy sector

A container storage facility off the coast of Preah Sihanouk province that allows Cambodia to blend oil before export could hold the key to sustainable growth in...

Recovery in large economies gives exports a boost

Aided by the recovery of large economies in the United States, the European Union and Japan, Cambodia’s exports jumped more than 20 per cent during the first half...

Thai exports: Cambodia’s severe trade imbalance

The value of Cambodian exports to Thailand reached $163 million in the first half this year, an increase of about 21 per cent compared to the same period in 2012.

Cost of imported construction materials rise

The cost of importing construction materials in the first half of the year has risen, compared with the same period in 2012.


MOST READ


Back To Top