Logo of Phnom Penh Post newspaper Phnom Penh Post - Fertiliser deal eyes growing market

Fertiliser deal eyes growing market

Fertiliser deal eyes growing market

A new partnership between Thai-based MSK Fertilizer and Cambodian import agency Brightway Group will increase the distribution of certified quality fertilisers to combat the Kingdom’s endemic supply of fake crop stimulants, a Ministry of Agriculture official said.

The two companies signed the agreement at the Thai Embassy in Phnom Penh yesterday, but operations will not begin for at least three more months as the import agency still needs to register for a licence and receive an import quota from Cambodian regulatory authorities.

The distribution deal will benefit the local market, where demand for fertiliser has risen swiftly, said Phum Ra, acting director of Agricultural Registration at the Agriculture Ministry.

He said Cambodia imported around 570,000 tonnes of fertilisers during the first half of the year, roughly equalling imports for the whole of 2015. Actual import figures could be close to double when unofficial exchanges from along the border are included.

The bulk of fertiliser products arrived from Vietnam, making up 60 per cent of imports, followed by Thailand with a 30 per cent share. An increasingly large portion of these imports is believed to be falsely labelled products.

“It is very good to increase the number of official distributers because we can then have better control over the quality of fertilisers that are being used,” Ra said.

Brightway Group will initially target its distribution of fertilisers to large-scale farms and later seek to expand its reach to smaller markets, according to Hong Mongheng, the company’s president.

The group has allocated an initial budget of $700,000 to purchase and import 300 tonnes of fertilisers. It will then look to enlarge its operations according to the market demand.

He was unable to disclose the price of the imported fertiliser, but expected it would be available at a suitable price.

Manoon Sritaikhum, CEO of MSK Fertilizer, said establishing a registered company to distribute fertilisers to farmers will be good for the local agricultural sector as farmers’ crop yields are regularly impacted by the use of fake fertilisers purchased from unregistered middlemen.

“We aim to help farmers boost their crop yields by providing good quality fertilisers,” he said.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Bosba: The first Khmer woman composer from UK’s Cambridge

    Bosba Panh is just 25 years old, but she’s already accomplished some impressive milestones for herself and the Kingdom. On July 24, she graduated with a Master’s degree from the University of Cambridge as the first Khmer woman composer and Khmer music graduate ever at

  • ‘Golden’ Angkor Wat likely due to natural phenomenon: ANA

    Pictures and video clips of the Angkor Wat temple, its spires seemingly coated in gold, have been shared tens of thousands of times on social media, prompting a sense of wonder among those who have seen them. Hong Sam Ath, who took the pictures and

  • Pailin longan winery tries to break through to the big time

    Longan aren’t quite as glamorous as some fruits. They don’t have the star-power of mangos or generate the excitement of a pricey seasonal niche fruit like the pungent durian. Unlike bananas or oranges, which are known and loved everywhere, longan remains a decidedly

  • Debt restructuring over, time to tackle rising NPL ratio

    The Cambodian banking system has just completed a 26-month debt restructuring exercise where scores of loan accounts were revised, classified and provisioned as the rate of non-performing loans inched up, sparking a slight credit risk unease Implemented in April 2020, the Covid-19 debt restructuring measures came

  • Koh Slaket studio resort brings culture with style

    Davitra (Cambodia) Co Ltd’s multi-million-dollar 13ha Koh Slaket studio-cum-resort just east of the capital was inaugurated in the first phase on August 6, providing national and international tourists with a new travel option and job opportunities for locals. The man-made cultural and scenic lakefront getaway