Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Exports of cotton set to resume

Exports of cotton set to resume

THE manager of a local agribusiness says he plans to export about 1,000 tonnes of cotton to Vietnam later this quarter or the beginning of next year, in what would be the Kingdom’s largest export order of cotton since the end of the Khmer Rouge period.

Kong Chan, managing director of Seladamex Co, said Monday he had been in negotiations with firms across the border as well as with those from South Korea and China, although no deals had yet been finalised.

“However, we expect to firstly export about 1,000 tonnes to Vietnam this December or early next year,” he said.

The company, which was founded in 2007 with US$2 million in capital for a cotton-processing plant and 106-hectare plantation in Battambang province, would set a milestone should the order go ahead, said Kong Chan.

“Cotton cropping was abandoned by most farmers since the post-Khmer Rouge era because of a lack of markets … and cheap prices,” he said.
He said he was buying additional cotton from farmers in the province for $400 a tonne and planned to export it, once processed, for $1,500 a tonne.

0

Comments

Please, login or register to post a comment

Latest Video

‘Why hold a trial if you’re not going to summon the accused?’

Cambodia National Rescue Party supporters gathered outside the Appeal Court in Phnom Penh early this morning in support of imprisoned party leader Kem Sokha.

Behind the scenes of the princess's ballet

Post Weekend in collaboration with Le Petit Journal - Cambodge got an exclusive look behind the scenes of the Royal Ballet of Cambodia, as they travelled to Hong Kong for their debut in the ci