Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Co-op law will bolster agriculture sector: PM

Co-op law will bolster agriculture sector: PM

130227 07
A farmer walks through a paddy rice field in Kong Pisei district, Kampong Speu province. Photograph: Heng Chivoan/Phnom Penh Post

WITH the passing of a law on farmers’ co-operatives, the government hopes to streng-then the country’s growing agricultural sector, Prime Minister Hun Sen said in a speech at the National Institute of Education yesterday.

“In time, I believe that economic growth will be tremendous in rural areas,” the Prime Minister said.  

He said the government’s approval last Friday of a law supporting agricultural co-operatives would enhance growth in farming, as farmers – who traditionally have remained independent of one another – will now have the power to negotiate collectively.

He said the law would allow farmers to work together through agricultural co-operatives and to set up factories for processing their collective yields.

“It will generate opportunity, strength, competitiveness and unity. The market power of our farmers is stronger when they are connected together,” he said.  

Yang Saing Koma, president of the Cambodian Centre for Study and Development in Agriculture (CEDAC), said the law would also grant farmers increased leverage to negotiate for capital.

“This law will . . . make it easier for them to communicate with business partners and banks to get financial credit,” he said.

“It is good, and it is better if the government helps to strengthen their capacity in the market.”

The Post reported earlier this month that a co-operative of longan farmers in Pailin had plans to build a processing factory to increase output and take advantage of rising demand. Four hundred members have joined the co-operative since it was founded last year.

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Opposition leader Kem Sokha uses his hat to gesture to supporters during a campaign rally yesterday in Siem Reap province. Facebook

Prime Minister Hun Sen yesterday threatened to unleash war on the opposition party if he loses patience with their campaign for the June 4 commune

The Ministry of Foreign Affairs yesterday sought to deflect criticism that the ruling party invited election observers of questionable credibility