CITY FOCUS | PHNOM PENH
Bird ’ s Nest Federation ( CBNF ) president Nang Sothy . Sothy continues to estimate that , if demand remains high , “ the Kingdom could harvest at least 800-1,500kg of birds ’ nests a month ”, 70 % of which could be exported . The majority of the increased demand is expected to come from China ’ s growing middle class , whose purchasing power over luxury goods and services is expected to increase dramatically in the next five years . McKinsey and Co has reported that by 2022 , over 75 % of China ’ s urban consumers will earn between $ 9,000 and $ 34,000 in annual income , representing a doubling of the average urban household income by the year 2022 , which the Cambodian export market is already seeing dividends from .
In September , the Cambodian Forestry Administration urged those
70
NOVEMBER 2018