The Cambodia Rice Federation (CRF) has asked the state-owned Agricultural and Rural Development Bank (ARDB) to extend its loan repayment period to 12 months to help rice millers buy paddy.
Cambodia's milled-rice exports gained 32.51 per cent to 410,563 tonnes in the first half of this year from the 310,366 tonnes shipped in the same period last year.
With the Covid-19 pandemic cutting into the global vehicle and parts manufacturing industry and transforming Cambodians’ spending habits, imports have seen a sharp decline this year.
Santana Agro Products Co Ltd, a cashew nut growing and processing company, plans to ship 200 tonnes of organic nuts by the end of the year, making its export debut into the US and European markets.
The Chinese investment company and mango exporter Cam MJ Agricultural Park Co Ltd is installing a packaging machine and industrial steaming equipment for pest control at its newest facility in Kampong Speu province.
Cambodia could export between 800,000 and one million tonnes of milled rice this year, buoyed by sustained demand stemming from Covid-19 uncertainty, Ministry of Agriculture, Forestry and Fisheries senior official Ngin Chhay said on Wednesday.
Orders for the world-famous Kampot pepper are recovering as Europe’s market demand surges following coronavirus restriction measures.
Cambodia is prepared to export 30,000 tonnes of milled rice to East Timor soon, which will open a promising new market for the rice sector.
Cambodia reached an official agreement with China on Tuesday to export fresh mangoes in a milestone decision which will open a giant new market for local producers.
The Chinese Embassy in Cambodia announced on its Facebook page on Thursday that Chinese and Cambodian officials are scheduled to sign an agreement on June 9 permitting the Kingdom to export 500,000 tonnes of mangoes per year to China.