The annual output value of Cambodian agricultural products exceeds US$5 billion
By: Date: 2021-01-04 Categories: Internationalfood Tags: ,
  Chinanews.com, Phnom Penh, January 3rd Cambodian official news on the 3rd stated that the country’s total crop output exceeded US$5 billion last year.

   The Ministry of Agriculture, Forestry and Fisheries of Cambodia issued a report that day that the country’s agricultural sector will achieve a bumper harvest in 2020, with a total of 18.47 million tons of rice and other crops, and a total output value of more than US$5 billion. Among them, the output value of non-rice crops reached 2.17 billion US dollars.
   Cambodia’s Ministry of Agriculture, Forestry and Fisheries pointed out that in addition to rice, Cambodia’s main crops include cassava. Last year’s output was 12.04 million tons with an output value of 1.1 billion U.S. dollars; cashews produced 240,000 tons with an output value of 400 million U.S. dollars; mangoes produced 1.74 million tons with an output value of 500 million. U.S. dollars; banana output is 470,000 tons, with an output value of 400 million U.S. dollars; longan output is 190,000 tons, with an output value of 100 million U.S. dollars; pepper output is 10,000 tons, with an output value of 42.5 million U.S. dollars.
  According to the National Bank of Cambodia, the Cambodian economy was hit hard last year by the new crown pneumonia epidemic. The main economic sectors such as garment and footwear, tourism and construction fell into contraction, resulting in negative economic growth (-1.9%). However, some The sector, especially agriculture, continues to perform strongly, helping to offset the impact of the epidemic on the country’s economy.
   Cambodian experts analyzed that one of the main reasons for the outstanding performance of the agricultural sector is that the sector has absorbed a large number of factory workers who were unemployed due to the epidemic as labor, thereby increasing the output of agricultural products.
   The Ministry of Agriculture, Forestry and Fisheries of Cambodia predicts that after the Cambodia-China Free Trade Agreement comes into effect, it will drive Cambodian agricultural products exports to the Chinese market and attract more foreign companies to invest in Cambodia’s agricultural sector. (End)