Cambodian officials are hoping to capitalize on China’s appetite for dragon fruit, with exports to China growing by 77 percent on year in the first quarter of 2021.
Dragon fruit was the sixth most popular fruit import in China last quarter, with shipments valued at $165 million.
Yaing Siang Koma, the founder of the Cambodian Center for Study and Development in Agriculture, has committed to helping grow a million dragon fruit trees on 1,000 hectares of land in Sambor Neak, Preah Vihear province, to supply the international market.
The project is expected to will eventually create 3,000 to 10,000 jobs locally.
Last year, neighboring Vietnam exported over $1 billion of dragon fruit to the Chinese market despite a drop in demand in China.
The Ministry of Industry and Trade of Vietnam reported that over 80 percent of dragon fruit from the country is sent to China and 99 percent of all dragon fruit sold in China is from Vietnam.
Demand is expected to rise post-COVID.


Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal
Alphabet Replaces Verizon in Dow Jones Industrial Average
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer
Nomura Stock Upgraded to Buy by BofA as Stronger ROE and Earnings Growth Boost Outlook
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 



