IETNAMESE traders have vigorously bought-up the entire Khmer kapok harvest in
the last month which has put local kapok processing factories under threat
reports Reasmey Kampuchea newspaper.
Director of Takhmao Kapok Processing
Enterprises Samrith Samath said: "Vietnamese traders had been energetically
purchasing lots of Khmer kapok at a relatively high price of between $1,000-
$1,100 per ton of pure kapok.
Samath said the State Purchasing Scheme,
which supplies local processing factories with kapok, had set a price of $750
for a planned annual purchase of 250 to 300 tons.
Samath said the State
had been unable to buy any kapok because producers and middlemen had turned to
the Vietnamese traders to sell all their product reported Reasmey Kampuchea.
Kapok is a fluffy substance grown on trees with a similar texture to
It is processed and then used as a filling in cushions, pillows
Samath said: "The State has many factories and human
resources involved in kapok processing. The people will be very unhappy and
ashamed of the traders if they have to shut down the factories for a few
He said the Vietnamese traders had maneuvered to provide 30 to 40
percent advance payments to producers to capture the entire kapok harvest.
Samath said the local people's need for pure kapok for mattresses and
cushions was estimated at between 100-150 tons annually.
He said he
would propose to the State that next year they purchase kapok at the free market
price but he was uncertain whether the plan would be accepted.
said the Vietnamese traders had bought the kapok at the high price because they
were planning to resell it to China, though he was unaware of what the Chinese
were planning to do with the kapok Reasmey Kampuchea reported.