Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Fertiliser deal eyes growing market

Fertiliser deal eyes growing market

A new partnership between Thai-based MSK Fertilizer and Cambodian import agency Brightway Group will increase the distribution of certified quality fertilisers to combat the Kingdom’s endemic supply of fake crop stimulants, a Ministry of Agriculture official said.

The two companies signed the agreement at the Thai Embassy in Phnom Penh yesterday, but operations will not begin for at least three more months as the import agency still needs to register for a licence and receive an import quota from Cambodian regulatory authorities.

The distribution deal will benefit the local market, where demand for fertiliser has risen swiftly, said Phum Ra, acting director of Agricultural Registration at the Agriculture Ministry.

He said Cambodia imported around 570,000 tonnes of fertilisers during the first half of the year, roughly equalling imports for the whole of 2015. Actual import figures could be close to double when unofficial exchanges from along the border are included.

The bulk of fertiliser products arrived from Vietnam, making up 60 per cent of imports, followed by Thailand with a 30 per cent share. An increasingly large portion of these imports is believed to be falsely labelled products.

“It is very good to increase the number of official distributers because we can then have better control over the quality of fertilisers that are being used,” Ra said.

Brightway Group will initially target its distribution of fertilisers to large-scale farms and later seek to expand its reach to smaller markets, according to Hong Mongheng, the company’s president.

The group has allocated an initial budget of $700,000 to purchase and import 300 tonnes of fertilisers. It will then look to enlarge its operations according to the market demand.

He was unable to disclose the price of the imported fertiliser, but expected it would be available at a suitable price.

Manoon Sritaikhum, CEO of MSK Fertilizer, said establishing a registered company to distribute fertilisers to farmers will be good for the local agricultural sector as farmers’ crop yields are regularly impacted by the use of fake fertilisers purchased from unregistered middlemen.

“We aim to help farmers boost their crop yields by providing good quality fertilisers,” he said.

0

Comments

Please, login or register to post a comment

Latest Video

Setting up a drone for flight. Photo supplied

How Cambodia's first drone company is helping farmers

SM Waypoint claims its unmanned aerial vehicles can help local farm and plantation owners increase their yields. Established in September 2015, SM Waypoint now has seven drone pilots, two sales staff and two accountants. Though the company focuses mainly on agricultural projects, the potential uses of the drones are extremely varied, going from measuring exact land height for building drainage systems to finding the most suitable location for special economic zones (SEZs) or factories.

New street food dish shakes things up at Russian Market

Though the bustling food stalls that emerge after dark next to Phnom Penh's Russian Market can seem intimidating to tourists at first glance, there are street food treats to be enjoyed by all, from Kep crab to a new shrimp dish created by the market's owners.

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern