Japan-based Kakegawa Yeat Pig Farm plans to invest $1 million to develop a large pig farm in Cambodia, according to local media reports.
Matsumoto Hiroaki, the owner of Kakegawa, said he plans to invest in the Kirirom Mountain area in Kampong Speu province, starting off first with an experimental farm.
Kakegawa’s pork is priced at $70 per kilogram and is ranked No.1 in Japan.
“The experimental farm currently has 10 pigs and we are testing out their feed. The breeds are Cambodian,” said Mr Hiroaki.
“After a few months of testing and if the results are positive, we can then fulfill our dream of opening a large pig farm in Cambodia,” he added.
Mr Hiroaki said he was studying the local market to determine the price of the premium pork from the farm.
“If our experimental farm in Kirirom succeeds, we would then request for a farm licence from the Ministry of Agriculture,” he added.
“Based on the results of the experimental farm, we will then invest the $1 million as the first step.”
Mr Hiroaki said he had high hopes that the pig project would be successful.
“There is a large affluent consumer base in Cambodia and coupled with that the country’s economy is growing fast,” he said.
According to the Cambodia Pig Raising Association, about 8,000 pigs are needed to supply the local market every day. About 7,000 pigs are currently supplied by local farmers, while about 1,000 are imported legitimately from neighbouring countries.
The government plans to increase tax on imported pigs to protect local pig farmers and commercial pig companies as well as to stabilise prices.
- Tags: Kirirom Mountain