Cargill eyes Cambodia entry

US agricultural giant Cargill is considering opening a representative office in Phnom Penh on the back of projected strong sales from Vietnam, according to Chanh Truong, chairman of Cargill Vietnam Ltd. The company’s Cambodian affairs are currently handled by its Ho Chi Minh City-based subsidiary but an increase in sales could see Cargill entering Cambodia on a permanent basis. “It all depends on the volume of animal feed that we sell to Cambodia from Vietnam. We would have to increase sales by 500 percent to 1000 percent for us to consider a permanent office in Cambodia,” Truong said. “We are at a very early stage at the moment. We estimate maybe six months to a year,” he added. (Sebastian Strangio)