Cambodia has asked Beijing to consider a deal that would commit Chinese state-owned China Oil and Foodstuffs Corp (COFCO) to buy 500,000 tonnes of homegrown milled rice, or 25 per cent more than a recently completed arrangement, which could bring the Kingdom closer to its goal of exporting one million tonne of the processed grains in a single calendar year.
Japan's agritech company MYFARM Inc is investing RM210 million in PLS Plantations Bhd's large-scale durian cultivation project spanning over 1,000ha of land in Raub, Pahang. The investment marks the largest in durian plantations by a Japanese company.
The Cambodia Rice Federation (CRF) has set full-year milled-rice export targets for the Kingdom at 750,000 tonnes in 2023 and one million tonnes in 2025, which would constitute 17.7 per cent and 57.0 per cent increases from the 637,004 tonnes – valued at $414.29 million – recorded in 2022.
The China-Laos Railway s first special train for enterprises cleared customs quickly at Mohan Port in Southwest China s Yunnan Province on Saturday afternoon, with 70 standard containers and a total cargo value of more than 4.1 million yuan ($649,000), China Media Group reported.
Multiple food companies in North China’s Tianjin have joined the fight against the Omicron variant outbreak. The Tianjin government on Monday issued special licenses for some local food companies to ensure the normal operation of logistics in the region amid restrictions and checks along delivery routes.