Logo of Phnom Penh Post newspaper Phnom Penh Post - Indonesians invited to get slice of local agri markets

Indonesians invited to get slice of local agri markets

Content image - Phnom Penh Post
Agriculture minister Veng Sakhon (third right) and Indonesian ambassador to Cambodia Sudirman Haseng (third left) at the meeting on Friday. AGRICULTURE MINISTRY

Indonesians invited to get slice of local agri markets

With agricultural production on a steady growth trajectory, even in the face of Covid-19, Phnom Penh welcomes Indonesian businessmen to invest in the Cambodian agricultural market, in hopes of bolstering capacity in response to an ongoing surge in domestic and international demand.

Minister of Agriculture, Forestry and Fishery Veng Sakhon extended the invitation on November 26 during a meeting with Indonesian ambassador to Cambodia Sudirman Haseng.

Sakhon said the agricultural sector is recognised for its constant progress and ability to not only fulfil domestic demand but allow for more exports to the world market. He ascribed the upswing to the government’s meticulous attention and enhancements.

On behalf of “agricultural leaders with good collaboration between Cambodia and Indonesia”, the minister voiced hope that Indonesian investors would be keen to enter the Kingdom’s agriculture and agro-processing markets in the near future, or develop the associated value chains.

“The agricultural situation in Cambodia is evolving quickly, especially in the times of the Covid-19 pandemic,” he said. “We are looking forward to welcoming Indonesian private sector actors looking to invest in the agricultural sector.”

According to Sakhon, some of the agricultural products with the greatest market potential are milled rice, bananas, fresh and dry cassava, raw and processed cashew nuts, and fresh mango.

Citing the National Phytosanitary Database, the minister previously reported that the Kingdom shipped out 6,364,607.24 tonnes of agricultural products in January-October, up by 87.53 per cent year-on-year from 3,393,915.64 tonnes, valued at $4,071,571,098.37, to 68 countries and territories.

At the meeting, the ambassador vowed to make an effort to strengthen and further expand promotion to Indonesian investors of the potential opportunities offered by Cambodian agriculture.

Sudirman said he would encourage Jakarta to prepare a memorandum of understanding on agricultural collaboration between the two counties.

In September, Indonesia launched a trade office in Cambodia, aiming to strengthen and expand economic, trade and investment cooperation.

In January-August, the Kingdom’s exports to Indonesia reached $21 million, down by $3 million from the same period last year, and imports were to the tune of $402 million, declining by $50 million or 11 per cent year-on-year, according to the Ministry of Commerce.


  • NY sisters inspired by Khmer heritage

    Growing up in Brooklyn, New York, Cambodian-American sisters Edo and Eyen Chorm have always felt a deep affinity for their Cambodian heritage and roots. When the pair launched their own EdoEyen namesake jewellery brand in June, 2020, they leaned heavily into designs inspired by ancient Khmer

  • Schools drawn into Manet degree row

    Prime Minister Hun Sen stepped into the Hun Manet-Sam Rainsy war of words over the validity of Manet’s degree from the US Military Academy at West Point, set off by Rainsy’s claims that Manet had received a “second-class degree” or “honorary degree”. Hun

  • Cambodia records first Omicron community case

    The Ministry of Health on January 9 reported 30 new Covid-19 cases, 29 of which were imported and all were confirmed to be the Omicron variant. The ministry also reported 11 recoveries and no new deaths. Earlier on January 9, the ministry also announced that it had detected the Kingdom's

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa

  • NagaWorld protest part of ‘conspiracy’

    The Phnom Penh Municipal Court and police held a joint-press conference on January 4 to clarify details concerning the arrest of nine former employees of the integrated resort NagaWorld and the charges brought against them, saying that the authorities had clear grounds for taking legal action.