Singapore Investment, Cambodian Corns Hope

Singapore Investment, Cambodian Corns Hope

Written by DAP NEWS -- Thursday, 13 August 2009 02:49

Source: www.dap-news.com

Plans to export US$15 million worth of Cambodian corn to Singapore have to produce animal feeding has raised hopes after last month’s drop in the price of corn.

Datto Jonny General Manager of Corn Agricultural Co. Ltd., (H.L.H) told DAP News Cambodia that “our corns export investment spans over 12,000 ha of planted corn and 10,000 ha in Kampong Speu province and Orral district.”
He said he would buy unprocessed corn at US$115 per ton and processed corn at US$140.

“We want to push to Cambodian corn output to improve the yearly exports to the Asian market,” he said, adding that the plan should help bolster the farm gate price of corn in Cambodia.

“To increase the price of Camb-odian corn at market, we need to use agricultural tools from France and improve the output of corn for 300,000kg a day.”

Secretary of State for the Ministry of Commerce Mao Thora told DAP News Cambodia that “We welcome to all investors who wish to invest in Cambodia to help the Cambodian corn reach a stable price.”

Director of Center for Develo-pment of Agriculture in Cambodia (CEDAC) Yang Saing Koma said the corns price at market is still decreasing. “It is good for investment in corn. If some investors come to invest in Cambodia, the price will be better than in the past and Cambodian farmers will be happy with an appropriate price.”

Jonny claimed that, “Our farming, not only plants corn, we also have many various parties invest and buy our output.”