Cassava, new commercial crop for Xekong

Apr 24th at 14:17
24-04-2015 14:17:04+07:00

Cassava, new commercial crop for Xekong

Cassava will create jobs and boost income for farmers in Xekong province after the provincial authorities agreed to allow a company in the Vietnamese Hoang Anh Gia Lai Group to sign agreements with the farmers.

The company has agreed to supply cassava seed, marketing and technical assistance, while the farmers supply their labour and land for growing, the provincial agriculture section head, Mr Bounsy Singphichit told Vientiane Times yesterday.

In the first year the company plans to have the farmers grow about 400 hectares of cassava and expects to expand this over the next few years, he said.

The company, in cooperation with the Xekong Provincial Agriculture and Forestry Department and local authorities, are contacting all the farmers who are interested to work with them so that they can study the condition of the land before proceeding, said Mr Bounsy.

He expected that most of the cassava production will be sold to the company for processing into animal feed to supply cattle farms in the province and in Attapeu province.

This is the first company to approach Xekong farmers to grow cassava and then buy it from them.

In previous years, farmers only grew sufficient cassava for their own family needs with any surplus sold to local markets but growing cassava using the company's techniques and knowhow will make it a truly commercial crop, creating more jobs and boosting income.

Elsewhere in Laos where Cassava is grown, it is mainly exported to neighbouring countries like Vietnam and China.

Last year the country exported around 77,800 tonnes of dry cassava worth US$11.8 million, 57,300 tonnes of cassava powder worth about US$41.5 million and 2,000 tonnes of fresh cassava worth US$65,560, according to the Ministry of Agriculture and Forestry's Agriculture Department.

The country this fiscal year expects farmers and business units to plant 6,000 hectares of cassava producing 1.51 million tonnes for domestic supply and export. However, the number of cassava growers in some central provinces, particularly Borikhamxay and Vientiane as well as the capital itself, has decreased because there is no guaranteed market.

Large numbers of cassava growers have lost confidence in the cassava crop and some have switched to growing other crops after the Lao-Indochina Group Public Company's financial crisis.

This particular crop still ranks high in market demand, however, being processed into many different kinds of food.

vientiane times



NEWS SAME CATEGORY

Agricultural revenues on the up in Champassak

Champassak province's Industry and Commerce Department is expected to reach export values of 1.32 trillion kip this fiscal year 2014-15, targeting markets in...

Luang Prabang expecting over 237 billion kip revenue

Luang Prabang province collected revenue of more than 102.3 billion kip in the first six months of the fiscal year, which was over 43 percent of the yearly plan set...

Luang Namtha eyes doubling crop exports

Luang Namtha province looks set to reach 90 percent of all crop production being exported to the Chinese market by the end of this year, paving a positive way for...

MMG LXML provides final dividend for 2014

MMG Lane Xang Minerals Limited (LXML) Sepon has made a final US$5 million dividend payment for 2014 to the Lao government.

Public spending during Pi Mai Lao up 10 percent

An increase in the population and a rise in people's income meant that public spending during the recent Lao New Year ( Pi Mai Lao ) holiday increased by about 10...

New Year food prices remain relatively stable

The price of most vegetables and other food products remained relatively stable over the Lao New Year ( Pi Mai Lao ) holiday due to sufficient supply to meet market...

Nam Khan 2 power plant readies for generation

Nam Khan 2 hydropower plant expects to start energy generation within the next five months after construction began in 2011 in Luang Prabang province.

Job Fair to bring Lao students, businesses together

Laos' 4th Job Fair will be held next month at NUOL's Faculty of Engineering in Sisattanak district, Vientiane, after the first three fairs were estimated to be a...

IFC helps BFL increase lending to women-owned businesses

International Finance Corporation (IFC), a member of the World Bank Group, has signed an investment and advisory services agreements with Banque Franco-Lao (BFL) to...

BCEL holds general shareholders' meeting for 2014

Banque Pour Le Commerce Exterieur Lao Public (BCEL) opened the annual general shareholders' meeting for the year 2014 last week to consider and resolve resolutions...


MOST READ


Back To Top