Palm oil yields up as crop matures
Mong Reththa, vice chairman of the board of directors at Mong Reththy Investment Cambodia Palm Oil, said the group subsidiary exported 13,000 tonnes of crude palm oil during the first six months of 2016, a 116 per cent increase compared to the same period one year earlier. The value of the exported product reached $7.5 million in the first half of the year, compared to $3.5 million one year earlier. Mong Reththy Investment Cambodia Palm Oil has planted oil palm trees on 16,150 hectares, of which more than 8,000 hectares have reached a productive age. The crude palm oil from the company’s plantation is primarily exported to Malaysia, China, South Korea and the EU.
