The Council for the Development of Cambodia (CDC) alongside the Vietnam-Cambodia Business Association (VCBA) recently engaged in pivotal discussions aimed at enhancing collaborative efforts to spotlight and elevate the agricultural sector within Cambodia, specifically focusing on the rice and rubber industries, to Vietnamese investors. The overarching goal is to draw in increased investments to nurture…
In the initial two months of 2024, Cambodia reported a revenue of $65.4 million from exporting 90,153 tonnes of milled rice. This represents a 7.2 percent decrease in volume and a 9.9 percent drop in earnings compared to the 97,153 tonnes sold during the same timeframe in the previous year, as per the Cambodia Rice…
In a recent meeting held in Melbourne, Cambodia has extended an invitation to the Australian business and investment community, urging them to amplify their involvement in sectors recognized for their high value-addition potential. These sectors, including agriculture and agro-processing, logistics, e-commerce, and digital technology, are identified as critical for the economic advancement of Cambodia as…
In a significant development on March 4, 2024, Paul Serra, CEO of Australia’s SunRice Group, met with Cambodian Prime Minister Hun Manet to discuss the company’s proposal to launch a rice processing facility in Cambodia aimed at exporting to international markets. During the meeting, Serra highlighted SunRice Group’s distinction as the inaugural Australian entity to…
An increasing number of financial entities, including Wing Bank, AMK Microfinance, and Boost Capital, are channeling their efforts into agri-tech, recognizing the pivotal role of technology in advancing the agricultural sector. These institutions are leveraging digital solutions to streamline processes and enhance the efficiency of agricultural operations. AMK Microfinance has recently taken a significant step…
The focus on sustainable farming practices and the promotion of Cambodian rice were key highlights at the 4th Annual Sustainable Agriculture Summit, which took place at the Cambodiana Hotel in Phnom Penh on February 27-28. The summit, themed ‘Regenerative Agriculture Practices Towards Low Carbon Farming’, was a collaborative effort between the Cambodian Agriculture Cooperative Corporation…
In a pivotal move to advance rice cultivation and endorse sustainable farming practices in Cambodia, Wing Bank, WingCommerce, Amru Rice (Cambodia) Co., Ltd, and the Cambodia Agricultural Cooperative have joined forces. This collaboration was formalized through a Memorandum of Understanding (MoU) during the 4th Sustainable Agriculture Summit held in Phnom Penh on February 28. According…
In a significant move towards advancing Cambodia’s rice production and promoting sustainable agricultural practices, Wing Bank, WingCommerce, Amru Rice, and the Cambodian Agriculture Cooperative Corporation Plc (CACC) have formalized their collaboration. The partnership was solidified through a memorandum of understanding (MoU) signed at the 4th Sustainable Agriculture Summit held in Phnom Penh on February 28,…
The Agricultural and Rural Development Bank (ARDB), a government institution, is set to infuse an extra $30 million into the cashew nut industry. This funding aims to serve as operational capital for the collection, stockpiling, and processing of cashew nuts, catering to both local consumption and export demands. In a recent development, the ARDB has…
In a significant international recognition, Cambodia’s innovative agricultural project received a prestigious award in Rome for its outstanding contribution to gender equality in rural development. The Tonle Sap Smallholder Development Project – Additional Financing (TSSD-AF), a collaborative effort funded by the International Fund for Agricultural Development (IFAD) and the Asian Development Bank, was honored at…
In a significant development for the agricultural sector, Cambodia reported a 25.2% increase in milled rice exports in January 2024, reaching 46,221 tonnes, compared to 36,900 tonnes in the same month the previous year. According to the Cambodia Rice Federation (CRF), this surge in exports generated a revenue of $32.6 million, marking a 13% increase…
Intersnack, a prominent snack manufacturer in Europe, has committed to acquiring dried cashew products from the Cambodian Agricultural Cooperative Corporation (CACC), marking a significant development for Cambodia’s cashew industry. This agreement, signed alongside Singapore-based Intersnack and Agricultural Cooperatives from Preah Vihear Province, is designed to elevate the profile of Cambodian cashews on the international stage.…
A newly established cassava processing plant in Oddar Meanchey, a northwestern province of Cambodia, is poised to significantly enhance the agricultural sector by increasing both the yield and market reach of cassava. This strategic move aligns with the Cambodian government’s plan to prioritize cassava as a key agricultural product, aiming to boost its production and…