A Change of Guard

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Monday 26 April 2010

Cambodia's fishery exports to drop 20 pct this year

PHNOM PENH, Apr. 26, 2010 (Xinhua News Agency) -- The Cambodian government is set to reduce exports of fishery products by 20 percent this year in order to cater for rising domestic demand, local media reported on Monday, citing industry officials.

Nao Thuk, director general of the General Department of Fishery Administration, said that this year Cambodia would export 24,000 tons of fishery products.

"We can catch a lot of fish, but our population has risen too. That was why we have to reduce exports of fishery products," Nao Thuk was quoted by the Phnom Penh Post as saying.

Representatives from the Fishery Administration declined to reveal the scale of domestic demand.

In March, the General Department of Fishery Administration reported that last year Cambodia exported 30,000 tons of fishery products, which included fish, lobster, sea crab and shrimp.

In 2008, only 5,000 tons were exported.

Last year's exports earned Cambodia 30 million U.S. dollars as products entered markets in Australia, the United States, China, South Korea, Thailand, Singapore and Vietnam.

Increasing exports have, in the past, echoed a rise in production.

Earlier this month, the Ministry of Agriculture, Forestry and Fisheries reported that in 2009 Cambodia harvested a total of 515, 000 tons of fishery products, compared to 431,000 tons the previous year.

Commentators from the NGO community have praised the government 's decision, saying that catering for the Kingdom's population before setting export amounts would ensure food security in the future, the Post reported.

Nao Thuk said that Cambodia, which has rich resources of freshwater and sea fish, would be able to generate revenue between 40 million U.S. dollars an 60 million U.S. dollars per year from exports if local demand were not accounted for.
(Source: iStockAnalyst )

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