First shipment of Kingdom bananas to China underway
LONGMATE Agriculture Co Ltd, a joint venture bet ween local, Chinese and Hong Kong investors, is set to send some 30,000 tonnes of its maiden ba na na ex por t to China i n Januar y.
Its chairman, Phe Hokchhoun, said: “The first [shipment] of 30,000 tonnes will be exported in January and we will double the amount in the coming years.”
Cambodia inked an agreement in August with China to begin exporting the fruit to the Asian economic powerhouse.
Vietnamese conglomerate Hoang Anh Gia Lai Group (HAGL) recently announced a $42 million investment to expand its banana plantations in Ratanakiri province with the aim to export the produce to the Chinese market.
Hence, the investment will add more than 5,000ha to its portfolio.
HAGL, which operates in the property, mining, hydropower and commercial agriculture sectors, owns 1,000ha of banana plantations in northeast Cambodia through three subsidiaries.
They are Hoang Anh Andong Meas Co Ltd, Hoang Anh Lumphat Co Ltd and Hoang Anh Daun Penh Agrico Co Ltd.
Long mate Ag r icu lt ure Co Ltd has invested more t han $32 million in a banana plantation in Kampot prov ince’s Chhouk dist r ict to tap i nto t he potentia l of t he crop.
Earlier in August, Cambodia and China signed a protocol of phytosanitary requirements that will make way for the exports of yellow bananas from the Kingdom to China.
The protocol was inked between the Agriculture Minister Veng Sakhon and the Chinese Ambassador to Cambodia Xiong Bo in the presence of Cambodian Deputy Prime Minister Hor Namhong.
Protesters rally in front of the Australian Parliament House in Canberra in 2015 to stop tampon tax.
Farmers plant banana trees at a plantation in Ratanakiri province. Cambodia will begin exporting its bananas to China next year.