Cambodia Agro-Industry Federation to be Established
Cambodia’s agro-industry will soon have a federation dedicated to boosting the sector’s growth. The establishment procedure of the body is now under way in alignment with the government’s desire to increase the exports of agriculture-related products.
The trade organisation will be named the Cambodia Agro-Industry Federation and it has received a formal go-ahead from the government according to Veng Sakhon, the Minister of Agriculture, Forestry and Fisheries. The federation will be chaired by tycoon Ly Yong Phat, owner of the Ly Yong Phat Group.
Sakohn noted that the process of formulating the federation is expected to be complete soon and added, “The Cambodian Agro-Industry Coalition, chaired by Ly Yong Phat, has been preparing a draft to establish and officially launch in the near future with the strong support of Prime Minister Hun Sen.
“The federation has the role of promoting the development of agro-industry in Cambodia in a sustainable and sustainable manner, covering all types of crops and geographies throughout the country and in the near future,” Sakhon said.
Cambodia exported 8.55 million tonnes of its six most profitable crops. Those exports were valued at $2.32 billion, according to the ministry. The most profitable crops were cassava, cashew nuts, mangoes, yellow bananas, peppercorn and Pailin longan.
In Layhout, the founder of Chey Sambo Cashew Nut Processing Handicraft, located in Kampong Thom province, which has successfully exported processed cashew nuts to Japan, applauded the government’s help in boosting the processing for producing quality products for exports.
“With support from the ministry, production of handicrafts has been improved and can be exported abroad,” he said.
This follows Japan’s Yamato Green Company recently expressing its wish to cooperate with Cambodia Agriculture Federation.
The company said that Cambodia is rich in potential agricultural products which can be developed through investment to supply both domestic and export markets.
Sakhon applauded Yamato Green’s proposals and placed high hopes that the contributions of the firm to agriculture wil boost more agricultural products reaching foreign markets to the benefit of Khmer farmers and boost value added production of domestic raw production.
Source from: Chea Vanyuth(2021). Cambodia Agro-Industry Federation to be Established. Retrieved from: Khmer Times, Business(June 16, 2021). https://www.khmertimeskh.com/50875165/cambodia-agro-industry-federation-to-be-established/