Cambodia earns over $1.5 billion from cashew nuts exports

Published 2024년 12월 23일

Tridge summary

In 2024, Cambodia saw a 31% increase in cashew nut exports, reaching 815,000 tonnes with a value of over $1.5 billion, as reported by the Cashew Nut Association of Cambodia (CAC). The country also witnessed a 26.8% increase in cashew nut production, achieving 850,000 tonnes. The CAC is encouraging members to dry cashews during price drops, contributing to the rise in exports. There is growing interest from both local and international investors, including five major South Korean companies, in establishing cashew processing plants in Kampong Thom province. These developments are supported by the Cambodian government's efforts to enhance the quality and branding of Khmer products both domestically and internationally.

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Original content

Cambodia exported 815,000 tonnes of cashew nuts worth over $1.5 billion in 2024, up 31 percent, the Cashew Nut Association of Cambodia (CAC) told Khmer Times on Sunday. However, exports to Vietnam remained stagnant at 793,453 tonnes. Uon Silot, president of the Cashew Nut Association of Cambodia (CAC), said Cambodia produced 850,000 tonnes of cashew nuts so far this year, up 26.8 percent. “From January to December, Cambodia produced 850,000 tonnes, exporting 815,000 tonnes worth $1.5 billion an increase of 31 percent compared to the same period last year,” Silot said. He noted that cashew exports continue to rise as the association encouraged members nationwide to dry the nuts when prices dropped. Prices began recovering in mid-March to April and later continued to rise in subsequent months. The cashew sector has attracted significant interest from both local and foreign investors. Recently, five major companies from South Korea have expressed interest in establishing a cashew ...

Source: WTOCenter