Logo of Phnom Penh Post newspaper Phnom Penh Post - VN buyup threatens Khmer kapok plants

VN buyup threatens Khmer kapok plants

VN buyup threatens Khmer kapok plants

V

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

cotton.

It is processed and then used as a filling in cushions, pillows

and mattresses.

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

years."

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.

Samath

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.

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Demining rat ‘hero’ Magawa dead at 8

    A landmine-hunting rat that was awarded a gold medal for heroism for clearing ordnance from the Cambodian countryside has died, his charity said on January 11. Magawa, a giant African pouched rat originally from Tanzania, helped clear mines from about 225,000sqm of land – the equivalent of 42

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer