Cambodia to sign 50 million dollar mango pact
The agreement with Chinese firm Weighai Dragon Union Agriculture Co Ltd is intended to be signed next month; the company presented a 40 to 50 million dollar plan to package fruit from Kampong Speu province to export to China and Japan. At first the focus will be on mango exports. Then they will look at other potential fruits in Cambodia.
A local subsidiary of the South Korean Hyundai Corporation conglomerate was the first company to invest in mango exports. Now it is targeting markets in South Korea and Japan, and will begin operations at the beginning of next year. According to the Phnom Penh Post, the company has invested $4 million in developing a processing and distribution centre in Kampong Speu province to wash, process and package mangoes grown on Hyundai’s 400-hectare plantation as well as on local partner Mao Legacy’s 2,000 hectares of mango farms.
