CP mulls growing coffee in Cambodia
CP mulls growing coffee in Cambodia
Bangkok-based Charoen Pokphand Group Co Ltd (CP) has expressed interest in growing coffee in Cambodia to meet the Thai market’s growing demand.In a meeting with Minister of Commerce Pan Sorasak on Friday, a CP representative said even though Thailand is one of the world’s biggest coffee bean producers, demand is outstripping supply for the domestic market.
The representative said his company is conducting a feasibility study on the coffee crop in Cambodia.
Sorasak welcomed the potential investment, saying most of the Kingdom’s coffee is grown in Mondulkiri and Ratanakkiri provinces.
“I encourage CP to conduct its study in cooperation with the provinces’ coffee communities,” he said.
The minister called on it to expand its operations in Cambodia, particularly in processing rice, cassava, corn and other agricultural products.
Though the Kingdom’s coffee export figures for last year are currently unavailable, Ministry of Agriculture, Forestry and Fisheries data shows that Cambodia exported 2.25 tonnes of coffee beans in 2018, a 15.14 per cent drop from 2017’s 2.66 tonnes.
In 2016, the Kingdom exported 2.25 tonnes of coffee beans, data showed.
However, despite the relative growth in Cambodia’s coffee industry over the last few years, local production cannot meet demand in the Kingdom.
“Most coffee beans are exported from Vietnam,” says an employee at Chay Mao Mondulkiri Coffee.
