Zenith Agro Group (ZAG) has signed a memorandum of understanding with Taifeihuayuan Agriculture Development Co. and Yunnan Dongwei Agriculture Development Co to collaborate on rice production and commercialisation. As part of the strategic cooperation, Taifeihuayuan is keen to bring its proven technology in rice-planting into Cambodia and assist ZAG in the area of technical know-how.
They will also bring a research team from Nanjing that specialises in rice-planting in the southern part of China. Previously, the agriculture enterprise has achieved much success in Myanmar and is confident of providing ZAG with a performance guarantee of a minimum production of 12 tonnes of rice per hectare in two harvests yearly in Cambodia.
- Tags: MoU