Cassava and red corn are important economic crops in Cambodia. According to statistics, the annual output value of cassava is approximately $1.26 billion, and the annual output value of red corn is about $200 million. The bank president emphasized that the Cambodian government highly values people's livelihood, and the national bank will continue to provide credit support for the agricultural sector and launch a series of innovative financial solutions aimed at addressing traders' insufficient collateral. These solutions include: allowing cash flow payments through bank mobile applications to facilitate trade; traders and farmers can use qualified inventory as collateral to apply for loans, with credit limits up to 70% of the inventory value. These measures aim to guarantee farmers' income, stabilize agricultural product market circulation, and enhance the resilience of the agricultural sector.
It is understood that this meeting conducted an in-depth discussion of the current challenges facing the cassava and red corn markets. Participants included representatives of cassava and red corn growers, traders, buyers, and processors from multiple provinces, including Battambang Province, Banteay Meanchey Province, Oddar Meanchey Province, Pailin Province, Preah Vihear Province, Siem Reap Province, and Tbong Khmum Province.