CP to raise feed production in Cambodia Last Updated: Monday 8th of February 2010 09:13:00 PM +0800HKT
Cambodia’s biggest animal feed producer CP Cambodia announced that it would increase production 20 percent this year in a bid to respond to farmers' demand.
Wittaya Kreangkriwit, Vice President of CP Cambodia, a subsidiary of its Thai parent firm, said that his company would produce 144.000 tonnes of animal feed to sell throughout the country at US$ 500 per tonne.
"We want to encourage more and more farmers to raise animals in order to reduce meat imports from other countries into Cambodia," he said.
In 2009, the company, which is located in Phnom Penh, sold 120,000 tonnes of feed to its customers at US$ 460 per tonne, according to company data. Total sales were worth $55.2 million. This year, sales are expected to reach $72 million, the firm estimates.
According to Wittaya, in 2010 the company expects to buy 100,000 tonnes of red corn, 6,000 tonnes of cassava and 1,500 tonnes of soybeans.
Rising domestic production
Kao Phal, director of the Department of Animal Health and Production at the Ministry of Agriculture, Forestry and Fisheries, said Thursday that increasing animal feed production would lead to a rise in domestic meat production.
He added that many farmers are raising pigs, chickens and ducks on both subsistence and commercial farms because of high demand.
"Animal feed will, in the future be used more and more as a basis for expanding animal farms to meat exports support needed by international markets," he added.
Experts said they believed that farming in Cambodia is gradually becoming more commercial.