Vietnam spends $1 billion buying cashews from Cambodia but they want to reduce sales

Source: markettimes.vn In the first seven months of the year, Vietnam imported $1 billion worth of raw cashew nuts from Cambodia, the Khmer Times (Cambodia) reported, citing newly released figures from the General Department of Vietnam Customs. However, industry insiders in Vietnam and Cambodia say the volume is likely to decline in the coming years as Cambodia commits to localizing its post-harvest processing industry. According to a report by Vietnam's customs agency, 790,000 tonnes of raw cashew nuts were imported from Cambodia in the first seven months of this year, equivalent to nearly 790,000 tonnes of nuts and accounting for nearly 95% of Cambodia's total raw cashew nut output. The customs authority detailed that the total volume of cashew nut imports from Cambodia increased by more than 34% in volume and 26% in value compared to the same period in 2023. Statistics show that the proportion of cashew nuts originating from Cambodian producers by Vietnamese processors ...