Cambodia cashew exports exceed 810,000 tons, worth US$956 million

Published Jul 16, 2024

Tridge summary

In the first half of this year, Cambodia exported over 810,000 tons of raw cashews, primarily to Vietnam, generating US$956 million. The current price of cashews in Cambodia is US$1,730 per ton. Due to insufficient funds for processing plants, local companies export raw cashews instead of processing them domestically. Cambodia is the third-largest cashew producer globally, with over 650,000 tons produced in 2023, following Côte d'Ivoire and India. However, its cashew processing industry is underdeveloped, with Vietnam leading in cashew processing, followed by India and Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The notice shows that in the first six months of this year, Cambodia exported more than 810,000 tons of raw cashews, of which 744,300 tons were exported to Vietnam, with a total export value of US$956 million. Weng Silom, chairman of the Cambodia Cashew Association, said that the current price of cashews in Cambodia is US$1,730 per ton. Local companies lack funds to build cashew processing plants, which has led to a continuous increase in the export of raw cashews in Cambodia. It should be mentioned that according to statistics from the Food and Agriculture Organization of the United Nations, Cambodia's cashew production in 2023 exceeded 650,000 tons, ranking third in the ...

Source: Foodmate