Retail petrol prices in Cambodia have soared since the beginning of this year, with observers suggesting that momentum in the world’s ongoing Covid-19 vaccination schemes has driven up international crude oil prices.
Prices of red corn have reportedly seen modest rises on surging demand for domestic feed production as the harvest season nears its end.
The General Directorate of Agriculture said it had submitted a list of 25 mango farms and three treatment facilities to the Chinese General Administration of Customs for sanitary and phytosanitary inspections.
Prime Minister Hun Sen on February 17 called on the Philippines to invest in Cambodia’s rice sector, suggesting they export the commodity back home and to the rest of the world.
Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend.
Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 per cent in 2020 from a year earlier.
The Ministry of Commerce will collaborate with the Kampot Pepper Promotion Association (KPPA) to develop new strategic plans that build confidence in Kampot pepper and explore additional markets for the crop, one of Cambodia’s Geographical Indication (GI) products.
South Korean firm Hyundai Agro (Cambodia) Co Ltd plans to export 1,000 tonnes of fresh Keo Romiet mangoes to the South Korean market this year, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon on February 2.
Cambodia exported 16,163 tonnes of milled rice to China last month, representing a 1,156-tonne or 7.7-per-cent surge from the 15,007 tonnes posted in January 2020, according to a Ministry of Agriculture, Forestry and Fisheries report.
Singapore-based oil and gas exploration company KrisEnergy Ltd has pumped about 40,788 barrels of crude oil from Cambodian waters, according to Prime Minister Hun Sen on February 1.