Logo of Phnom Penh Post newspaper Phnom Penh Post - False boom in sugar imports

False boom in sugar imports

False boom in sugar imports

S UGAR imports have ballooned during the first six months of this year, according

to official figures.

From January to June this year a total of 14,197.03

tonnes was brought in, easily outstripping total imports for the whole of 1993,

which were only 9,374.5 tonnes.

The statistics, compiled by the

state-run Kampuchea Shipping Agency and Brokers (Kamsab), also show that during

the first six months of 1993 just 904 tonnes were imported.

The vast

majority of sugar imported into Cambodia comes in ships handled by

Kamsab.

However, one very well informed shipping source denied that there

is a real increase in demand for sugar in Cambodia.

With a primitive

wholesale market requiring good local connections, sugar imports have remained

largely in the hands of Cambodian entrepeneurs, the source said.

"What

happened is that several people noticed that there was some money to be made out

of sugar and they all jumped on the bandwagon at the same time, over- loading

the market," he said, adding "some of them will have got their fingers badly

burned."

The biggest monthly shipment in the last 18 months of 3,416.39

tonnes occured in February this year, coinciding with the Chinese New Year, when

demand is at its annual high.

There are only three large concerns

requiring the commodity; Cambrew, producers of Angkor beer; Apsara, makers of

condensed milk and the Cambodia Beverage Company, which makes soft drinks under

license from Coca Cola.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the