Friday April 27, 2018

Cambodian farmers to try out Organic farming over rice farming

The major advantage regarding growing vegetables is that they sell at higher prices.

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Rice farming in Cambodia. Image Source: Wikipedia.org
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  • Farmers of Cambodia’s Kampong Speu province are eager to grow vegetables like- spinach, cauliflower, lettuce or collard greens
  • here were 7 million people in 2007 under below the poverty line. However, the figure had reduced to 3 million in 2012. But, this growth had declined in last two years
  • According to World Bank, vegetables fetch an income of $1575 per hectare while it is $544 per hectare for cassava and $307 per hectare for rice

Rice is grown by the majority of farmers in Cambodia. But now, farmers have started realizing that growing organic food is also a healthy option and can attract more profit.

Following rice, cassava and maize are the other crops grown by the farmers. But this time farmers of Cambodia’s Kampong Speu province are eager to grow vegetables like- spinach, cauliflower, lettuce or collard greens.

“While the vast majority of Cambodian farmers grow rice, and to a lesser extent cassava and maize, only about a quarter do so commercially,” says an analysis done by VOA.

The major advantage regarding growing vegetables is that they are sold at higher prices. Moreover, it requires only a month and a half to harvest. On the other hand, rice requires almost 6 months to harvest.

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According to farmers, the vegetables grown locally tastes sweet while that imported from other countries tastes plain. They also gave an example of collard greens, which taste sweet when grown locally to validate their point.

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According to a recent study of the World Bank the agriculture sector has helped the people living below the poverty line and has reduced their number as well. There were 7 million people in 2007 below the poverty line. However, the figure had reduced to 3 million in 2012. But, this growth had declined in last two years.

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The World Bank has also suggested that Cambodian farmers need to focus on greater yields by increasing the input and trying different crops to increase their productivity. However, farmers are finding it difficult to implement.

The report also suggests that vegetables fetch an income of $1575 per hectare while it is $544 per hectare for cassava and $307 per hectare for rice.

– The information has been compiled by Aparna Gupta, an intern with NewsGram. Twitter @writetoaparna99

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World Bank shareholders endorse capital increase plan

Following the capital increase plan announced Saturday, the combined financing arms of the World Bank

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World Bank's prompt decission to pause two seperate projects with India nad Pakistan came after India's objection against it
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The World Bank has said its shareholders endorsed a capital increase package, a series of internal reforms, and a set of policy measures to strengthen the international lender’s capabilities.

The $13 billion capital increase package includes $7.5 billion of paid-in capital for the International Bank for Reconstruction and Development (IBRD), the group’s primary lending arm, and $5.5 billion for the International Finance Corporation (IFC), the group’s private sector lending arm, said the World Bank in a statement on Saturday, Xinhua reported.

World BAnk shareholders to have better plans.

World Bank shareholders also endorsed a $52.6 billion callable capital increase for IBRD, the statement said.

“Through the historic agreement endorsed today, our shareholders have clearly demonstrated a renewed confidence in global cooperation,” World Bank Group President Jim Yong Kim said.

“This capital package allows for greater responsiveness to risks to global stability and security, particularly in poorer countries and fragile states,” Kim added.

Following the capital increase plan announced Saturday, the combined financing arms of the World Bank are expected to reach an average annual capacity of nearly $100 billion between fiscal year 2019 and fiscal year 2030, said the World Bank. Kim said at a press briefing this week that the capital increase package doesn’t target changes of loans to any specific country.

Also Read: India will become High-Middle Income Country by 2047, says World Bank CEO

“It’s about how we think about income levels and how the World Bank Group can continue to be a partner and to support all of our member countries who are still clients,” he argued. He said that the multilateral lender would increase lending to lower middle-income countries over time. IANS

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