Logo of Phnom Penh Post newspaper Phnom Penh Post - CP to raise production of feed by 20 percent

CP to raise production of feed by 20 percent

CP to raise production of feed by 20 percent

CAMBODIA’S biggest animal feed producer CP Cambodia Co Ltd announced Thursday that it would increase production 20 percent this year in a bid to respond to farmers’ demand.

Wittaya Kreangkriwit, vice president of CP Cambodia, a subsidiary of its Thai parent firm, told the Post that his company would produce 144,000 tonnes of animal feed to sell throughout the country at US$500 per tonne.

“We want to encourage more and more farmers to raise animals in order to reduce meat imports from other countries into Cambodia,” he said.

In 2009, the company, which is located in Phnom Penh, sold 120,000 tonnes of animal food to its customers at US$460 per tonne, according to company data. Total sales were worth US$55.2 million. This year, sales are expected to reach $72 million, the firm estimates.

According to Wittaya, in 2010 the company expects to buy 100,000 tonnes of red corn, currently purchased at 1,100 (US$0.23) riels per kilogram, 6,000 tonnes of cassava at 850 riels per kilogram and 1,500 tonnes of soybeans at 2,400 riels per kilogram.

Rising prices
Last year, the company bought red corn at 850 riels per kilogram, cassava at 400 riels per kilogram and soybean at 2,000 riels per kilogram as food prices fell sharply on the highs experienced in the third quarter of 2008.

Kao Phal, director of the Department of Animal Health and Production at the Ministry of Agriculture, Forestry and Fisheries, said Thursday that increasing animal feed would lead to a rise in domestic meat production.

He added that many farmers are raising pigs, chickens and ducks on both subsistence and commercial farms because of high demand.

“Animal feed will, in the future, be used more and more as a basis for expanding animal farms to support meat exports needed by international markets,” he added.

Experts said they believed that farming in Cambodia is gradually becoming more commercial.

Yang Saing Koma, president of the Cambodian Centre for Study and Development in Agriculture, said that this is the case within pig and chicken farming in particular.

“Raising animals is a good choice for our farmers because they have a cheap local animal food supply,” he said.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,