Cambodian cashew prices finally fall, raw cashew production surpasses India

Published 2024년 11월 6일

Tridge summary

In the first seven months of 2024, Cambodia has emerged as the world's second largest raw cashew producer, with a production of 830,000 tons, trailing behind Côte d'Ivoire. The country has seen a significant increase in its cashew production due to expanded planting areas. To further bolster its cashew industry, Cambodia aims to invest US$329 million to align with the "2022-2027 Cashew National Policy," focusing on infrastructure development and processing. The government aspires for Cambodia to become a global leader in cashew production by 2030, targeting a 25% increase in value-added cashew processing by 2027. Currently, only 10% of the cashews produced in Cambodia are processed domestically, with the majority being exported for processing in Vietnam and other countries.

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Original content

Uon Silot also said that in the first seven months of 2024, Cambodia's total raw cashew production reached 830,000 tons, surpassing India to become the world's second largest raw cashew producer, while the world's largest raw cashew producer is Côte d'Ivoire. He said that this growth is not accidental. Cashew production has increased significantly since May, and the planting area has also expanded. Cambodia's cashew industry needs to invest about US$329 million in order to comply with the "2022-2027 Cashew National Policy" to better build infrastructure for cashew production and processing. Recently, the Cambodian Ministry of Agriculture, Forestry and Fisheries also stated that Cambodia is confident that it will become a global leader in cashew production in 2030. Touch Bun, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries of Cambodia Hour said that cashews have higher profits and value compared with other crops. "Cashews do not need to go through ...

Source: Foodmate