Potential agricultural products see remarkable surge in exports
Potential agricultural products see remarkable surge in exports
Cambodia saw a significant surge in the export of potential agricultural products in the first 11 months of 2024.
The main products Cambodia exported in the said period included rice, bananas, mangoes, cassava, cashew nuts, corn, pepper and tobacco.
From January to November last year, the country earned $1,271 million from paddy rice export and US$438 million from milled rice export, a year-on-year increase of 16.42 percent and 3.97 percent, respectively, according to an official report from the Ministry of Commerce.
The export of cassava amounted to $622 million, while the rubber export was $523 million, with a growth of 13.42 percent and 15.81 percent, respectively.
The Kingdom also earned $502 million from cashew nut export, a year-on-year increase of 31 percent, and $138 million from fresh mango exports, up 24 percent.
However, the banana export saw a decrease of 11.2 percent to $138 million.
China, Vietnam, and Thailand are the major importers of Cambodia’s agricultural products.
Agriculture is one of the four pillars supporting Cambodia’s economy.
The Royal Government of Cambodia has announced the implementation of a new strategic policy for agricultural development, aiming to upgrade agriculture from household to commercial farming and enhance farmers’ income through value-added products.
Under the priority policy, the government deploys 250 agricultural officials and the number will be raised to over 1,300 in 2025 in communes nationwide to add human resources for the agricultural sector’s development.
These officials will technically assist farmers, form agricultural cooperatives, link production chains, and guide farmers in reducing production costs.
