The Cambodian Agriculture Cooperative Cooperation (CCAC) set to be completed in Kampong Thom province by the end of the year, is the first large-scale farm cooperative venture in Cambodia.
For in depth analysis of Cambodian Business, visit Capital Cambodia
Funded by the European Union and local parties, the $3 million investment project will be located over 10 hectares and will process and store, rice, pepper, cashews, vegetables, and fruits ready for export.
Founder of CCAC and CEO of Amru Rice Cambodia Song Saran said rice will share about 60 percent of total storage of agricultural products, while pepper, cashews, vegetables and fruits, will be stored in the CCAC’s processing buildings, which has a storage capacity of up to 5,000 tonnes.
“In the first stage, we plan to support and work with 20 agricultural communities, which come mostly from the northern country’s provinces: Kompong Thom, Preah Vihear, and Siem Reap, to supply agricultural products to the centre,” Mr Saran said.
Around 60 percent of total products are for export and the rest will go to domestic markets.
Cashew is for Vietnam, fruits are for Switzerland, and rice is going to the EU and China, which is one of the country’s main markets, he said.
Hean Vanhan, director-general of the Ministry of Agriculture, Forestry, and Fisheries’ Agriculture Directorate, welcomed the project.
“The project is important because we cannot get the agriculture sector developed unless there is participation from private sectors,” Mr Vanhan said. “It is a new measure to make the flow of agricultural products from producers run smoothly to markets.”
Mr Saran said if the project is successful, the centre will be expanded to 100,000 tonnes of storage capacity after a set three-year plan.