Cambodia: Kingdom’s cashew nut exports to Vietnam surge 36%

Published 2024년 11월 18일

Tridge summary

In the first ten months of 2024, Cambodia saw a significant increase in its cashew nut exports to Vietnam, with over 790,000 tonnes exported, generating revenue of $1.110 billion, a 36 percent increase from the previous year. The country's total cashew nut production reached 840,000 tonnes, marking a 26 percent increase year-over-year. With continued expansion of cultivated land and high demand for seedlings, the Cashew Nut Association of Cambodia is optimistic about the industry's potential for global leadership in the next four to five years, despite challenges posed by climate change. The association attributes the industry's growth to advanced cultivation techniques, regular training, and the high price of quality cashews due to a global supply shortage.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cambodia exported over 790,000 tonnes of cashew nut to Vietnam in the first ten months of 2024, generating $1.110 billion in revenue, an increase of 36 percent, said an official of the Cashew Nut Association of Cambodia (CAC). Suy Kokthean, Vice President of the Cambodian Cashew Nut Association (CAC), told Khmer Times yesterday that from January to October 2024, Cambodia produced 840,000 tonnes of cashew nuts, marking a 26 percent increase compared to the previous year. “Of this total, more than 790,000 tonnes were exported to Vietnam, generating $1.110 billion in revenue, an increase of 36 percent. Additionally, the price of cashew nuts rose by 9 percent compared to the same period in 2023,” he said. Kokthean also said that Cambodia has the potential to become the world’s leading producer of cashew nuts within the next four to five years. “I am saying this with a degree of confidence because of the current state of our cashew nut industry,” said Kokthean. “Our cashew nut ...
Source: WTOCenter

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