Logo of Phnom Penh Post newspaper Phnom Penh Post - Seeds sown for Stung Treng agriculture

Seeds sown for Stung Treng agriculture

Content image - Phnom Penh Post
Stung Treng Provincial Administration and Hun Ty Co Ltd signed the MoU on Monday. CHHOUR SUN VIA FACEBOOK

Seeds sown for Stung Treng agriculture

Stung Treng provincial authorities will work with integrated food-distribution company Hun Ty Co Ltd to exploit the province’s potential for crop cultivation and potentially set up a processing plant for export down the line, provincial administration spokesman Men Kung told The Post on November 26.

A memorandum of understanding (MoU) was struck to this effect on November 23, which he said would provide a strong market for a portion of the province’s agricultural product offerings.

“When a company makes an earnest commitment to buy agricultural products, it gives us high hopes that production figures and the quality of our wares will be uplifted to a whole new level, ratcheting up locals’ incomes to boot,” Kung said.

He voiced his confidence that Stung Treng’s farmers stand to profit wholesomely from the MoU, pointing out that Hun Ty is a large Chinese firm that has many technicians based abroad and access to numerous overseas markets.

He said a working group comprised of company representatives and relevant provincial authorities would review, assess and prepare a five-year joint plan that focuses on training farmers on cultivation methods, providing them with seed varieties and purchasing their products.

While the company’s initial investment plan may only cover the acquisition of cashew nuts, cassava and the ubiquitous Keo Romiet variety of mango, he said the ample supply of high-quality agricultural products found in the province could convince it to set up a processing plant there.

Speaking at the MoU signing ceremony, provincial governor Mom Saroeun said the agreement is in line with the government’s policy in the framework of provincial development and the province’s five-year local development programme.

Hun Ty director Antony Wang said the deal reflects close public-private cooperation on agriculture and job creation for local farmers that is sure to accelerate the Kingdom’s economic growth.

He hinted that the company was looking to set up agricultural processing plants in the province. “The company would invest in quality, safe and hygienic agricultural processing to export to markets around the world,” Wang said.

Minister of Agriculture, Forestry and Fisheries Veng Sakhon lauded the MoU, noting that Hun Ty has extensive operations in the Kingdom related to processing, packaging and export, and boasts large warehouses and cold-storage units.

“This MoU will cause Cambodian agricultural product exports to foreign markets to shoot up sharply in due course,” he said.

But he warned that with the added exports, the Kingdom will face many challenges, including high electricity and transport costs, as well as a weak logistics infrastructure.

As of September 11, Cambodian agricultural product exports this year weighed in at 3,039,030 tonnes, or just shy of the 3,065,555 tonnes logged in the first nine months of last year, ministry figures show.

Milled-rice exports were 463,805 tonnes, fresh cassava, dried cassava chips and tapioca starch reached more than 1.7 tonnes, cashew nuts (202,207 tonnes), fresh yellow bananas (213,486 tonnes), fresh mangoes and its dehydrated products (56,590 tonnes), pepper (3,959 tonnes), palm oil (41,970 tonnes), tobacco (5,376 tonnes) and soybeans (3,876 tonnes).

The Kingdom shipped 193,660 tonnes of corn, vegetables (84 tonnes), sweet potatoes (2,865 tonnes), fresh and dried chilli peppers (52,621 tonnes), pomelos (15,150 tonnes) and other products (55,420 tonnes).

Cambodia’s agricultural products are exported to Thailand, Vietnam, China, Japan, South Korea, Singapore, the Philippines, Malaysia, Indonesia, India, Sri Lanka, Australia, Pakistan, Russia, France, Belgium, Italy, the Czech Republic, Croatia, Switzerland, the Netherlands, Germany, the US, Britain, Belarus, New Zealand, Sweden and Hungary, the ministry said.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • One million Chinese Covid-19 jabs to start rolling in from February

    The government has confirmed that Covid-19 vaccines from China are set to begin arriving in Cambodia by February. This came as the Ministry of Health recorded two imported cases of Covid-19 on January 18. While calling on people to remain vigilant against the pandemic, ministry spokeswoman