Ministry of Commerce and six companies signed here on Mar. 19 a memorandum of understanding to promote the purchase of maize, cassava and other raw materials for animal feed production.
H.E. Mrs. Cham Nimul, Minister of Commerce, presided over the signing ceremony. The six animal feed production companies are M’S PIG A C MC (Cambodia), BETAGRO (Cambodia) Company Limited, Agri-Master Co., Ltd., De Heus TMH Co., Ltd., Ant Feed Co., Ltd., and CJ CheilJedang Feed (Cambodia) Co., Ltd.
Through this MoU, the Ministry of Commerce will coordinate with the six companies to purchase 189,000 tonnes of maize, 81,600 tonnes of cassava, 51,130 tonnes of broken rice, and 57,730 tonnes of rice husks.
This event demonstrates the role of promoting investment in local agricultural processing, increasing product value, and strengthening the agricultural value chain at a time when Cambodia is facing rising animal feed costs and growing business opportunities in the development of the agro-commercial sector, while also promoting an inclusive socio-economic environment.
