Chinese firm eyes local market

Sum Manet / Khmer Times No Comments Share:
Fresh longan from a farm in Pailin province in western Cambodia. KT/Valinda Aim

Pagoda, a Chinese fruit retailer, is exploring business opportunities in the kingdom, hoping to invest in the local agriculture sector.

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Representatives of the Chinese company met with Minister of Agriculture Veng Sakhon on Monday to discuss investment plans, including the processing and packaging of fruit products.

The company intends to send Cambodian agricultural goods to China, where demand for fruits is growing rapidly, a representative of the company said.

“With ample natural resources, Cambodia produces many agricultural products, but cannot supply them to the international market,” lamented Mr Sakhon.

“We need foreign partners that are willing to work with local companies to produce quality agricultural products that meet international standards. Foreign companies can help us sell our products abroad,” he said.

Pagoda owns 2,700 stores in China, located in 40 different cities, company representatives said during the meeting. Profits amounted to $100 million in 2017.

The company has 500 suppliers in 21 countries around the world.

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