Logo of Phnom Penh Post newspaper Phnom Penh Post - Red corn prices enjoy surge on demand for domestic feed

Red corn prices enjoy surge on demand for domestic feed

Content image - Phnom Penh Post
Tbong Khmum is the largest producer of red corn for domestic feed mills, with a production capacity of 56,750 tonnes per year on a total cultivated land of 10,790ha. YOUSOS APDOULRASHIM

Red corn prices enjoy surge on demand for domestic feed

Prices of red corn have reportedly seen modest rises on surging demand for domestic feed production as the harvest season nears its end.

In northwestern provinces, red corn is typically harvested twice a year between late June and August and then again between late October and February.

In Tbong Khmum province, however, the crop is harvested between July and August and then again between late February and March, according to Provincial Department of Agriculture, Forestry and Fisheries director Heng Piseth.

Provincial Department of Commerce director Toch Sokhon told The Post on March 1 that Tbong Khmum’s red corn harvest has reached the 50 per cent mark with the wholesale price of dried kernels now about 1,300 riel ($0.32) per kilogramme, up nearly 20 per cent from 1,100 riel in the year-ago period.

According to the Ministry of Agriculture, Forestry and Fisheries, Tbong Khmum is the largest producer of red corn for domestic feed mills, with a production capacity of 56,750 tonnes per year on a total cultivated land of 10,790ha.

Sokhon said the bulk of the province’s red corn is sold to domestic feed mills, adding that increasing demand coupled with dwindling exports to Vietnam have buoyed the price.

He said he expects the heightened prices to provide an added boost to red corn cultivation this year.

“The price of dried red corn this year is better when compared to last year. Most of the red corn kernels here are bought by traders to [supply CP Cambodia Co Ltd’s] feed mills,” Sokhon said.

Piseth of the agriculture department said this harvest’s yields were similar to those during the same season last year.

He said red corn was planted on 6,560ha this season and is yielding an average of between 5.5 and 6.5 tonnes per hectare.

“The plantation area for corn now is similar to last year, but buying prices for traders are better than they were last year,” he said.

In the northwestern provinces where the harvest has recently come to a close, prices are now seemingly higher year-on-year.

Battambang provincial Department of Commerce director Kim Hout noted a trend of farmers from neighbouring provinces selling their red corn to Battambang-based traders to then resell to Thailand.

He said the price of the crop at the end of last month when the harvest season closed was 1,200-1,300 riel per kilogramme, a tad bit higher than the corresponding time last year.

Hout said about 70 per cent of Battambang’s red corn is exported by traders to Thailand, while the rest is sold to local animal feed producers such as CP Cambodia, a subsidiary of Thai conglomerate Charoen Pokphand Group (CP Group).

“Farmers growing red corn and cassava in Battambang this year are elated because of the high prices, although last year’s floods eroded some of the yields,” he added.

There are currently 18 domestic animal feed processing mills operating in Cambodia, with a total production capacity of more than 1.2 million tonnes per year, which accounts for 56 per cent of the country’s total supply, according to the director-general of the ministry’s General Directorate of Animal Health and Production Tan Pannara.

As of December 29, total corn harvest area stood at 154,598ha with a total annual yield of 735,551 tonnes, according to a report from the directorate.

Cambodia exported a total of 194,625 tonnes of corn last year, an increase of 62.20 per cent from 119,993 tonnes in 2019, the ministry reported.

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Banteay Meanchey gunfight sees 15 Thais arrested, three officers injured

    The Banteay Meanchey Military Police have arrested 15 Thai suspects and their accomplices after a gun battle between two Thai groups caused injuries to three police officers in the early hours of November 21, local authorities said. National Military Police spokesman Eng Hy said that according to

  • PM: Do not defile Tonle Sap swamp forest or else

    Prime Minister Hun Sen ordered police to arrest anyone – including government officials – involved with the deforestation of the flooded forests surrounding the Tonle Sap Lake because it is an area important to the spawning of many species of fish, among other reasons. Speaking in a