The Cambodian Takmoa Agriculture and Industrial Development and the Vietnamese Thai Thinh Company have signed a US$22.4 million contract to plant 20,000ha of rice for export.The Thai Thinh Company will provide assistance and support for rice cultivation and processing for two Cambodian provinces, Kompong Cham and Kompong Svay.
The two sides will develop a water drainage system in the area and build a rice processing factory capable of producing 500 tonnes of rice a day in January, 2011.
Lim Kimkhun, Chairman of Cambodian Takmoa Agriculture and Industrial Development said that both sides will cooperate to produce 2 harvests a year with an average yield of 7 tonnes per ha and a target to export 200,000 tonnes of rice by 2012.
The contract will also generate works for nearly 280,000 Cambodian farmers.
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