Cambodia’s agricultural product exports at $2.6 billion
Cambodia exported 4.5 million tonnes of agricultural products in the first seven months of this year, earning around $2.6 billion in revenue, according to a report released by the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Tuesday.
The agricultural product exports decreased in volume by 19.2 percent compared to the same period last year, it pointed out.
The main products that Cambodia exported included rice, bananas, mangoes, cassava, cashew nuts, corn, palm oil, pepper and tobacco.
For the rice sector, MAFF is boosting local rice production to advance the benefit of increasing rice price in the international market.
“Cambodia is making strategies to benefit from India’s rice export ban through enhancing the capacity of local mills to collect rice for storage, increasing processing and exporting directly to international markets,” the ministry said in the report.
Agriculture is one of the four pillars supporting Cambodia’s economy. The sector contributed 24.4 percent to the gross domestic product (GDP) in 2021, according to the ministry.
Cambodia will begin direct shipment of its four more Cambodian fishery products to China, after the General Administration of Customs to the People’s Republic of China (GACC) approved the list of registered exporting companies.
The four aquaculture products including lobster, eel, elephant fish, and snail have completed all export procedures and are allowed to be shipped formally to China, according to a Chinese Embassy in Cambodia’s statement on Monday.
The first export is granted to Cambodian Tienit International Trading firm, recognised by the Chinese Customs Administration for exporting these fishery products. The move is an important achievement in exporting Cambodian agricultural products to the Chinese market, the Chinese embassy said in the statement.
Im Rachna, spokeswoman of the Ministry of Agriculture, Forestry, and Fisheries, attributed the move to the efforts made by the ministry in setting up clear policies for the agricultural sector that not only focuses on ensuring food security in the country, but also finding markets for high-quality agricultural products with a standard of sanitary and phytosanitary.
“The export of natural fishery products to the Chinese market will not only boost the import and export between Cambodia and China, but it will also contribute to the livelihood of Cambodian fishermen,” Rachna said yesterday.
Cambodia currently exports rice, mango, banana, cassava, Pailin longan to China.