Fresh Cambodian banana exports came in at 325,859.72 tons in the first 10 months of 2022, down 11.79 per cent year-on-year. China has been buying up an 89.93 per cent share. The January-October exports went to just three countries: China (293,060.39 tons; down 9.33% on-year), Vietnam (32,799.23 tons; down 27.39%) and Japan (0.1 tons; down 99.98%)
Hun Lak, CEO of Longmate Agriculture Co Ltd, a company that grows bananas in Kampot province, largely blamed the declines on Beijing’s “dynamic zero-Covid” strategy. Unfortunately, even after China abandoned the strategy, Lak says the banana export community’s troubles persist. “Even fresh mango exports are in trouble,” he claimed. However, Lak remains optimistic that Cambodia’s banana exports will improve once the Chinese market reopens in earnest.