Logo of Phnom Penh Post newspaper Phnom Penh Post - HAGL goes bananas with fruit exports

HAGL goes bananas with fruit exports

HAGL goes bananas with fruit exports

Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) has shipped a total of over 9,000 tonnes of Cambodian bananas destined for the Chinese market since the firm first started exporting in July, a company representative said.

The firm, which owns 1,000 hectares of banana plantations in Ratanakkiri province, has been making weekly shipments of bananas through its subsidiaries, Hoang Anh Andong Meas, Hoang Anh Romphat and Hoang Anh Daun Penh Agrico.

Thach Quanh Tha, director of administration for HAGL, said 451 containers have so far made it overland to port facilities in Vietnam and then loaded onto a container ship bound for its buyer in China, with each tonne fetching approximately $500.

“We are packaging everything here in Cambodian, and we make sure that our logo says these are Cambodian-made products,” he said. “Because these are official exports, we must comply with the law, and we have received both sanitary and phytosanitary certificates as well as a certificate of origin by the Cambodian government.”

Meanwhile, HAGL is in the process of making its second shipment of dragon fruit this week from its 807-hectare farm with a purchase agreement that sets the price at $3 per kilo. Thach added that the company plans to make its first export of jackfruit from a 696-hectare plot by the end of December.

The agro giant, which came into Cambodia with hopes of cultivating rubber, has made an effort to diversify its operations and has invested in planting 14 different types of fruit for export.

MOST VIEWED

  • Man Covid-19 positive after Thailand trip

    The Ministry of Health on Saturday reported the third Covid-19 case in less than two weeks, bringing the total to 125. The man, a 26-year-old from Tbong Khmum province's Tbong Khmum district, arrived at the O'Beichoan border checkpoint in Banteay Meanchey province on Thursday. He is

  • Kingdom's GDP growth to narrow -1% to -2.9%, World Bank says

    The World Bank expects further recoil on Cambodia’s gross domestic product (GDP) growth to between minus one per cent and minus 2.9 per cent for 2020 as its main growth drivers – tourism, manufacturing exports and construction – take a beating due to Covid-19, its latest economic update

  • Vietnam: Tougher sentences for child abusers

    Several National Assembly (NA) deputies in Vietnam are calling for tougher penalties to be handed down to child abusers. They hope stricter punishments will act as a strong deterrent to prevent offenders committing further offences in the future. Extreme measures such as chemical castration were

  • Central bank to shun small US banknotes

    The National Bank of Cambodia (NBC) is considering not accepting smaller denominated US dollar banknotes – $1, $2 and $5 – from banks and microfinance institutions (MFIs) which it said are flooding its stockpile as the demand for those notes is low. While some banking insiders welcomed the move as

  • PM lauded in Covid-19 fight

    World Health Organisation (WHO) director-general Tedros Adhanom Ghebreyesus sent a letter to Prime Minister Hun Sen thanking him for following the WHO’s guidance and commending Cambodia’s efforts in the fight against Covid-19. In his letter made public by the Ministry of Foreign Affairs

  • Workers return, hope for salaries

    More than 600 factory workers in the capital’s Chaom Chao commune in Por Sen Chey district returned to work after the factory’s owner promised to pay their salaries in instalments until the middle of next month. On Tuesday and Wednesday, more than 600 workers gathered