Cambodia approves 50-mln-USD budget to support agriculture sectors hinh anh 1CEO of RDAB Kao Thach (Photo:

Phnom Penh (VNA) – The Cambodian government has decided to disburse 50 million USD through the Rural Development and Agriculture Bank (RDAB) to provide low-interest loans to support sectors of livestock and fisheries, and vegetable farming.

Representatives of the General Department of Animal Health and Production under the Ministry of Agriculture, Forestry and Fisheries and the RDAB met on April 22 to discuss the credit support package.

CEO of RDAB Kao Thach said loans will be offered to farmers and small companies with an interest rate of 6.5 percent.

Previously, on April 16, Cambodian Minister of Agriculture, Forestry and Fisheries Srey Vuthy said the government has encouraged local importers to buy pork products for stockpiling with a volume of 130 tonnes per day in the next three months as part of the efforts to ensure adequate supply of food and foodstuff to people during the COVID-19 outbreak.

It has also taken a number of measures to ensure food security such as zoning out potential areas for growing vegetables, ensuring supply of water and seeds for farmers, and promoting the application of modern technologies and equipment to expand safe vegetable production.

Annually, Cambodia consumes about 290,000 tonnes of meat, including 82,000 tonnes of beef, 153,000 tonnes of pork, 54,000 tonnes of poultry and 165 tonnes of other meats. The Southeast Asian nation can produce 239,000 tonnes of meat, meeting 82 percent of domestic demand./.