Monday, 8 February 2010

DJ Cambodia Aims To Export Sugar, Attract Foreign Firms -Report

http://www.investors.com/
via CAAI News Media

02/07/2010 09:52 PM ET

SINGAPORE, Feb 07, 2010 (Dow Jones Commodities News via Comtex) -- Cambodia is launching a bid to cut its reliance on sugar imports and to turn the country into a net exporter by attracting investment from Thai sugar mills, the Bangkok Post reported Monday.

The country is offering 90-year concessions for sugar cane plantation areas of up to 20,000 hectares each to attract foreign investors, the newspaper reported.

Cambodia witnessed the start of operations last month of its first sugar mill in 40 years. The investor in the plant was Thailand's fourth-largest sugar producer, Khon Kaen Sugar Industry PCL (KSL.TH), which has a similar plant in Laos.

U.K.-based food and industrial ingredients maker Tate & Lyle has signed a five-year contract to buy all of KSL's output in Cambodia and Laos, the newspaper said.

Newspaper Web site: www.bangkokpost.com

-By Helen Sun, Dow Jones Newswires; (65) 6415-4086; helen.sun@dowjones.com

Dow Jones Newswires

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