In W32 in the cashew landscape, Indian farmer associations in Srikakulam district have initiated a campaign to gather one thousand signatures, advocating for the government to set a minimum support price (MSP) of USD 192.38 (INR 16 thousand) for cashew nuts.
Cambodia's cashew industry is undergoing a significant transformation as major bodies, including the Cashewnut Association of Cambodia (CAC), Cambodia Cashew Federation (CCF), and the Ministry of Commerce, collaborate with the South Korea Overseas Agro-Resources Association (AOAA) to establish a cashew processing facility with an annual capacity of up to 7.5 thousand metric tons (mt) of raw cashews. The initiative aims to elevate cashew processing by 25% by 2027 and 50% by 2032.
Furthermore, Cambodia seeks to address its processing capacity gap through international investments. Despite a projected 2023 cashew production of 650 thousand mt, processing limitations hinder its value chain potential. Collaborative efforts with countries like South Korea, Singapore, and Malaysia aim to establish processing facilities, potentially bypassing the dominant processor, Vietnam. Cambodia's active pursuit of international investments reflects its ambition to become a significant player in the cashew industry by enhancing its processing infrastructure.
The Nigerian Export Promotion Council (NEPC) and the German Agency for International Cooperation (GIZ) have joined forces to tap into the global cashew nut market, valued at over USD 7.57 billion. The collaboration aims to boost Nigeria's cashew production and processing capabilities to meet rising global demand. The partnership aligns with the government's non-oil export diversification agenda and aims to position Nigeria as a supplier of high-quality, value-added cashew products to international markets. The cashew market is forecasted to grow further, to an estimated USD 8.91 billion by 2028.
Lastly, the Tanzania Agricultural Research Institute (TARI) advised cashew nut farmers to use appropriate pesticides to enhance production and compete effectively in the global market. TARI is researching how to improve cashew cultivation practices and enhance productivity through value addition. To support this, the Cashewnut Board of Tanzania (CBT) has distributed inputs to registered farmers, including sulfur powder, pesticides, sprayers, and packaging bags, to boost cashew production.