Rice exports last month were five per cent lower than in January last year, after a full year of decline in 2018. However, a sector insider said it is not a major concern because it is only the beginning of 2019.
The trend of longan cultivation in Pailin Province continues to expand as farmers see the fruit as more and more profitable, according to provincial Department of Agriculture deputy director Im Sophoeun.
Yields of Kampot pepper, which was awarded geographical indication (GI) status in 2016, are projected to increase in the upcoming harvest season despite forecasts of heavy drought, the Kampot Pepper Promotion Association (KPPA) said on Sunday.
The Cambodian Rice Federation (CRF) announced on Wednesday it planned to argue on the international stage against EU tariffs on Cambodian rice exports, saying the decision will cause the Kingdom to lose its competitiveness and hurt its ability to sustain itself.
The direct shipment of yellow bananas to China may officially begin by the end of next month and will no longer go through Vietnam, according to Longmate Agriculture Co Ltd chief financial officer Hun Lak.
The Cambodian rice sector is set to lose its duty-free export status to the EU today – its major rice market – after the European bloc decided to impose tariffs on rice from Cambodia and Myanmar to curb a surge in such imports.
The Kingdom’s rice exports saw a 1.5 per cent drop last year compared to 2017 due to the industry’s lingering challenges – the cost of production and competition with the international market.
As a result of more rice facilities constantly being installed, the price of paddy rice for the 2018-2019 season was between 900 riel and 1,300 riel ($0.22 and $0.32) per kg, an increase on the previous season, according to industry insiders.
Salt imports from China are expected to sell at $100 per tonne in the Cambodian market, $25 more per tonne than local salt, according to the Salt Producers Community of Kampot-Kep (SPCKK).
China’s Henan Yuguang International Economic and Technical Cooperation Co Ltd (HYIETC) has expressed interest in investing in the Kingdom’s rice facilities – a move welcomed by the government and the rice industry.