Cambodia is considering negotiating with Turkey to hire a 200MW-capacity power ship to meet electricity demands as the country faces an ongoing electrical shortage, according to the prime minister.
Cambodia produced more that 13 million tonnes of cassava last year, a drop on 2017 despite a six per cent increase in cultivation to 650,510ha nationwide, according to the Ministry of Agriculture, Forestry and Fisheries.
Cambodia’s tobacco industry saw a decrease in cultivation last year, despite the Kingdom being granted duty-free and quota-free exports of tobacco leaves to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data.
The prime minister said he will seek other overseas markets for the Kingdom’s agricultural products, especially rice exports, claiming that Cambodia cannot rely on only one market.
The Ministry of Industry and Handicraft’s National Productivity Centre of Cambodia (NPCC) launched a three-day national conference on Tuesday to promote awareness of sustainable development and competitive agribusiness in Cambodia.
The crocodile farming industry in Cambodia is facing uncertainty due to a lack of demand and increasing costs of crocodile feed, which has led to some breeders to reduce their operations.
Cambodia announced that it would import 30,000 tonnes of salt to meet demand as the Kingdom’s production was insufficient last year, even after it had imported 10,000 tonnes of the commodity from China.
Cambodian mobile operator Smart Axiata posted a net profit of $67.6 million last year, a slight drop from 2017 and down to what the firm said were unfavourable forex conversions.