In Cambodia, MH Bio-Energy has once again pushed back its projected opening date. On July 14th, we reported that the plant which produced almost 10 MGy in 2009 had be closed due to high cassava prices, and that they expected to re-open in October.
Now that it’s October, Boeun Thy, chief of MH’s administration office, stated, “We will continue to be closed until December because the price of cassava remains high.” Cassava is costing $230/tonne currently, compared to about $180/tonne in previous months.
Boeun Thy noted “We cannot make any profit if we buy the cassava at such a price.” It is expected that when MH’s 8,000 hectares in Kampong Speu Province is harvested, the company can bypass the dry chip cassava market and resume operations in December.
Now that it’s October, Boeun Thy, chief of MH’s administration office, stated, “We will continue to be closed until December because the price of cassava remains high.” Cassava is costing $230/tonne currently, compared to about $180/tonne in previous months.
Boeun Thy noted “We cannot make any profit if we buy the cassava at such a price.” It is expected that when MH’s 8,000 hectares in Kampong Speu Province is harvested, the company can bypass the dry chip cassava market and resume operations in December.
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