Six pairs of Chinese and Cambodian firms signed off on a half-dozen business deals over the past two days in Phnom Penh worth more than $1.5 billion, the bulk of it for a five-year stone crushing project. “Some Chinese companies signed business deals to buy products from Cambodian companies, while some signed deals to sell products to Cambodian companies,” Chheav Pha, who heads the Commerce Ministry’s marketing department, said Monday at the start of a four-day trade expo…Full Article: The Cambodian Daily Dec 2014

Key Point

  • The deals also included China purchasing 200,000 MTs of cassava chips (~US49 million) and 30,000 MTs of milled rice (price under negotiation) from Cambodia’s Mekong Oryza Trading company.
  • On 14 December 2014, a deal was struck to distribute Cambodian beer from Khmer Brewery Ltd. throughout China. The Cambodian beer (unspecified quantity) will be distributed for one year by China’s Fuzhou Newgroup Industry.
  • According to the article, in August 2014, China purchased 100,000 MTs of milled rice from Green Trade (Cambodian state-owned company).

ChinaAg Comments

  • Chinese imports of Cambodian beer has been sporadic over the past few years. In 2009, mainland China imported 28,275 liters of Cambodian beer, but purchased no Cambodian beer the following two years. In 2011 and 2013, Hong Kong imported 13,579 liters and 1,331 liters of Cambodian beer, respectively.
  • In 2013, mainland China and Hong Kong imported 22,429 MTs of Cambodian rice.

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