PHNOM PENH, 17th August 2013 (The Cambodia Herald) -- Sri Lankan
agricultural group Lankem Ceylon PLC says it plans to plant 20,000
hectares of rubber in Cambodia as part of a diversification strategy.
Lankem
chairman A Rajaratnam disclosed the strategy in the company's annual
report for the year to March, 2012, released by the company earlier this
month.
"The plans to mitigate some of the risks involved in the
plantation sector, the management has made a conscious decision to
diversify the crops planted on the estates," the chairman said.
In
addition to replanting nearly 1,000 hectares of low-yielding rubber
with oil palm, he said the company's Kotagala Plantations unit had
obtained government regulatory approval to plant 20,000 hectares of
rubber in Cambodia.
"Once the entire extent of land is planted,
this will represent a five-fold increase in the acreage of rubber under
cultivation for the company," Rajaratnam said.
"With
significantly lower wage costs, and higher yielding lands, the profit
per acre from the Cambodian estates will be much higher than the
equivalent estates in Sri Lanka."
Further details weren't immediately available.
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