The Council for the Development of Cambodia (CDC) recently approved agricultural investment projects worth more than $230 million, involving rubber, palm oil and sugar production and processing. China’s Yellow Field International Ltd and Great Field International are planning to invest $74.6 million and $66.4 million respectively to grow sugar cane and other crops; Vietnam plans two rubber plantations and processing
factories; a Malaysian company is investing in a palm oil plantation, while United States - based Horizon Agriculture Development and Singapore and Malaysia’s Mondul Agri Resources plan to invest $28.8 million and $30 million respectively to grow rubber trees. For investors looking to grow and process crops, Cambodia is an ideal location as it has plenty of land available for agricultural concessions. From 1993 to 2009 a total of 126 companies were granted land concessions for growing crops, according to a report from the Ministry of Agriculture, Forestry and Fisheries. Concessions for the period totalled 1,335,724 hectares in 16 Cambodian provinces. Cambodia is rich in farmland and hopes to att ract more investment to the sector. The country wants to develop its rice exports and therefore welcomes investors, especially those willing to work with small farmers. In return for investments such as credit and technical assistance, farmers would be contracted to sell their crops to the investor.
Read More in Cambodia Insight Website on Issue 9 Page 46.
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