Logo of Phnom Penh Post newspaper Phnom Penh Post - Crocodile prices down, breeders blame floods

Crocodile prices down, breeders blame floods

Crocodile prices down, breeders blame floods

Cambodiann crocodile farmers have blamed the falling price of the reptile on flooding, which they say has turned away Thai and Vietnamese buyers – the market’s cornerstone.

Prices for young crocodiles have dropped 25 per cent since August, Kandal breeder Kaing Sarin said.

His reptiles fetched US$20 two months earlier but prices this month have hit about $15 per head and continue to fall, he said.

Flooding has deterred buyers, who largely come to Cambodia from Thailand and Vietnam to supply crocodile farms in their countries, Kaing Sarin said.

“[The market] has been impacted during this period. There are no buyers because there is flooding everywhere,” he claimed, adding that prices are now in the hands of the buyers.

Siem Reap-based crocodile farmer Khouy Chhin agreed. Inconvenient travel and transportation have thinned out buyers, leaving the market swarming with young crocodiles, he said.

Crocodile farms in Thailand and Vietnam, which commonly raise young Cambodian crocodiles to a larger weight, have been inundated with flood waters as well, he said, lowering further the prospects for the domestic business.

The price for a 35-centimetre crocodiles was $15 as of Wednesday, Khouy Chhin said. Crocodiles over 40 centimetres fetched $16.

Flooding has only added to the woes of the crocodile farmers, Khouy Chhin said. Prices on his farm have dropped from $27 earlier this year.

Cambodia exports some 200,000 crocodiles to Vietnam and Thailand each year, generating around $4 million in the trade, Fisheries Administration director general Nao Thouk told the Post in August. At that
time, one crocodile sold for $20.

Nao Thouk could not be reached for comment yesterday.

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,