PHNOM PENH – Thailand has agreed to purchase 300,000 tonnes of cassava and 100,000 tonnes of red corn annually from Cambodia following the signing of a memorandum of understanding (MoU) between Thailand’s Koson Group and the Cassava Federation of Cambodia (CFC).
The signing ceremony was presided over by Reach Ra, Secretary of State at Cambodia’s Ministry of Commerce, and attended by representatives from the Federation of Thai Industries (FTI), Thai ministries, and the Cassava Federation of Cambodia during a series of meetings held from April 22 to 25 in Bangkok.
Both sides exchanged ideas on expanding business opportunities and discussed challenges and solutions related to market access, supply chain efficiency, and trade facilitation for processed agricultural products. Key topics included cassava, corn, soybeans, animal feed raw materials, and logistics.
Under the agreement, trading will be facilitated through the Federation of Thai Industries, ensuring streamlined cooperation between the two countries. The FTI emphasized the rising demand in Thailand for raw materials, particularly cassava products and animal feed corn, and outlined quality standards for agricultural imports.
Reach Ra encouraged greater Thai investment in Cambodia, noting that as the two nations celebrate the 75th anniversary of diplomatic relations, they are committed to boosting trade, investment, and innovation.
As part of the mission, the Cambodian delegation visited Thai cassava and palm oil processing plants, cosmetics production facilities, and fertilizer factories to explore further collaboration and understand Thailand’s manufacturing standards.
Cambodia’s key agricultural exports to Thailand include rice, rubber, cassava, mangoes, fresh bananas, pepper, cashew nuts, longan, corn, and palm oil. Thailand remains one of Cambodia’s largest agricultural importers and is currently its fourth-largest trading partner.
The MoU signing comes as Cambodia and Thailand aim to achieve $15 billion in bilateral trade by 2027. In the first quarter of 2025, trade between the two countries reached $1.14 billion, marking a 2.2 percent increase compared to the same period last year.
