Longmate Agriculture Co., Ltd, a joint-venture between Cambodian and Chinese investors, plans to export about 30,000 tons of bananas to China. The company announced in August that it had invested $32 million to grow bananas in 1,000 hectares of land in Kampot’s Chhouk district.
Phe Hok Chuon, chairman of the company’s board of directors: “The company expects that the bananas will be harvested by the end of this year and processed and packaged for export by January next year. We will ship 30,000 tons.” He later added that the amount of bananas that the company export to China is expected to double in upcoming years.
“The company believes this first large-scale investment in the bananas segment in Cambodia is a major contribution to national economic growth. It will generate employment, reduce poverty, and curb worker migration.”
The Khmer Times reports that as of today, the company has cleared the land and set up the irrigation system in nearly 300 hectares of land, which will be planted with banana trees imported from China, but that are originally from Australia.