Cambodia's cashew nut production reached over 650,000 tons in 2023, making it the third largest producer globally. However, most of its cashew nut processing is done in Vietnam, India, and Brazil. The Cambodian Cashew Association is looking to attract more investors to its processing industry and plans to establish 30 new factories to increase local raw material absorption. The majority of the country's cashew nuts are exported to Vietnam, totaling 618,000 tons. However, the association has lowered its 2024 outlook due to the impact of the El Niño weather phenomenon on crops.