Gov’t reserves $100 million for agricultural interventions

PHNOM PENH: The 7th-mandate of Cambodia has set aside some US$100 million for agricultural interventions to ensure the stability of agricultural prices that fluctuate according to the world market.

The reserved budget was revealed by Prime Minister Samdech Moha Borvor Thipadei Hun Manet at the inauguration ceremony of Kirisu Dairy Farm in Bati district, Takeo province yesterday.

Agricultural prices fluctuate, making it difficult for farmers, said the Premier, reaffirmed the commitment of the Royal Government, especially that of the Ministry of Agriculture, Forestry to do its best to ensure that the prices are stable.

Samdech Thipadei Hun Manet added that agricultural sector still plays an important role in the Cambodian economy, therefore the Royal Government will continue to pay attention to promote good quality production and strive to maintain the balance of agricultural markets, particularly for strategic crops.

The Prime Minister thanked Khmer Fresh Milk Co., Ltd. and other firms for investing in the production of fresh milk to supply the Cambodian market.

Cambodia currently has four dairy farms with nearly 1,200 dairy cattle, producing a total of 13,000 litres of fresh milk per day. The four farms can cover 17 percent of the Kingdom's total dairy demand of 300,000 litres per year.

According to Samdech Thipadei Hun Manet, Cambodia annually imports some 98,000 tonnes of fresh milk worth US$734 million.

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