Crude Palm Oil Exports Increase

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KhmerTimes/Sum Manet

Cambodia’s exports of crude palm oil have increased, though the price has declined in line with falling global prices, according to an official and a producer. The Kingdom exported 17,380 tons of crude palm oil in 2015, compared with 12,211 tons the previous year, an increase of 42.3 percent, according to a report from the Ministry of Agriculture, Forestry and Fisheries. Malaysia imported the biggest amount of crude palm oil from the Kingdom. Cambodia exported 12,674 tons to Malaysia, 1,100 tons to China and 2,000 tons to Thailand, the report said.

Khan Samban, the director of the Agro-Industry Department at the Ministry of Agriculture, Forestry and Fisheries, told Khmer Times yesterday that crude palm oil exports were on the rise due to increases in oil palm production. Malaysia tops the list of countries importing the product from Cambodia, according to Mr. Samban. “When oil palm producers produce more, exports will increase and the product price is based on the international market,” Mr. Samban said. “We export crude palm oil to other countries and they process the oil into the finished products, then we import the finished products from them,” he added.

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