Vietnam spends one billion USD to import cashew nuts from Cambodia

Published 2023년 2월 8일

Tridge summary

Vietnam imported approximately 1.9 million tons of cashew materials from various countries at an average price of $1,400 per ton, spending around $2.66 billion. The country's cashew nut export turnover was estimated at $3.05 billion with a volume of 514,699 tons, marking a 12.6% decrease in volume and a 16% decrease in value compared to the previous year. The cashew growing area in Vietnam is roughly 300,000 hectares, supplying about 30% of the processing needs, with the rest being imported. The Vietnam Cashew Association is proposing stable and long-term planning for cashew growing areas and has suggested collaborating with Cambodia and Southern Laos for cashew material development due to a decrease in supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The above information has just been said by the Vietnam Trade Office in Cambodia. Besides. The Vietnam Cashew Association (Vinacas) also said that last year, Vietnam imported about 1.9 million tons of cashew materials from many countries, with an average unit price of 1,400 USD per ton. Thus, cashew businesses have spent about 2.66 billion USD to import raw materials. Cashew is one of the key agricultural products of Vietnam. According to statistics of Vietnam Customs, cashew nut export turnover last year was estimated at 3.05 billion USD, with an output of 514,699 tons, down 12.6% in volume and 16% in value. Currently, Vietnam's cashew growing area is about 300,000 hectares, providing about 30% of raw materials for the processing needs of businesses. Therefore, the rest must be imported. Cashew nut area has shrunk in recent years, many large raw material areas are no longer available because the competition of other crops with higher economic efficiency has led to a sharp ...
Source: VNExpress

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