Logo of Phnom Penh Post newspaper Phnom Penh Post - Rice partnership inked

Rice partnership inked

Rice partnership inked

A CAMBODIAN association has signed a deal worth US$22.4 million with a Vietnamese firm to plant 20,000 hectares worth of paddy rice for export.

The Community of Takmoa Agricultural and Industrial Development yesterday signed an investment deal with Vietnam’s Thai Thinh Company.

Lim Kimkhun, head of the Takmoa association, said that the cooperative agreement between his community and the company would help to boost yields of the grain in Cambodia.

Thai Thinh will be responsible for both technical planting and rice production in an area of Kampong Cham province’s Bateay district and Kampong Thom province’s Kampong Svay district.

“We expect our community will have more rice to supply the international demand in the future,” said Lim Kimkhun.

Next January, both sides will develop irrigation systems for the area and construct a rice mill, set to be capable of producing 500 tonnes of rice per day.

“We hope to plant paddy twice per year, yielding seven tonnes per hectare, and be able to export 100,000 tonnes [of rice] per year from 2012,” he said.

Nguyen Lam Duy, general director of Thai Thinh, said during the signing that his south Vietnam-based company would supply fertiliser and seeds to the community.

“The sole purpose for which we are here is to help [the]community to produce many tonnes of rice.

“The government’s policy aims to boost rice exports to up to 1 million tonnes by 2015,” he said.

Ponh Kosal, advisor to president of Cambodia’s senate Chea Sim, who was present at the signing, said both companies could double the amount of rice produced in the area.

Around 280,000 farmers would profit from the cooperation between the Kingdom’s company and Vietnamese firm, according to estimates provided at the signing.

MOST VIEWED

  • Phnom Penh’s Jet’s Container Night Market shuts down

    The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim. Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two

  • Hun Sen rejects ‘rift’ rumours spread by ‘stupid gangsters’

    Prime Minister Hun Sen on Wednesday denied a “rift” among top leaders of the Cambodian People’s Party (CPP), and rejected claims that Senate president Say Chhum and Interior Minister Sar Kheng were set to be removed from their positions as rumours spread by “gangsters”.

  • EU ambassador to Cambodia: Rights a ‘work in progress’

    The EU ambassador to Cambodia has called human rights “a work in progress” and said the 28-nation bloc has “carefully” noted last week’s statement by the government on taking further steps to strengthen democracy and the political sphere in the Kingdom. The EU marked

  • Assembly passes amendment to Political Party Law Article 45

    The National Assembly on Thursday unanimously approved a proposed amendment to Article 45 of the Law on Political Parties in a move that could pave the way for former senior opposition leaders banned for five years to return to the political stage. As expected, the 115 ruling