Cambodian cashew prices finally fall, raw cashew production surpasses India

Published Nov 5, 2024

Tridge summary

Cambodia has seen a significant increase in its cashew exports, reaching 870,000 tons in the first eight months of the year, with 800,000 tons exported to Vietnam, generating approximately US$1.2 billion in revenue. The country has become the world's second-largest raw cashew nut producer, with a total production of 830,000 tons in the first seven months of 2024. The Cambodian Ministry of Agriculture, Forestry and Fisheries is confident of making Cambodia the global leader in cashew nut production by 2030, with an investment of US$329 million in the industry. Currently, only 10% of the cashew nuts are processed domestically, with the rest sent for processing in other countries.

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Original content

Uon Silot, Chairman of the Cambodia Cashew Association, recently stated that Cambodia’s cashew exports reached 870,000 tons in the first eight months of this year, of which 800,000 tons were exported to Vietnam, with an export value of approximately US$1.2 billion. Compared with the same period in 2023, import volume increased by more than 34% %, and the total import volume increased by 26%. After the price of cashew nuts fell in February this year, members of the association began to dry cashew nuts, causing the price of fresh cashew nuts to begin to rise. It is worth noting that in the past 15 years, the price of fresh cashew nuts in April every year It has never increased. At present, the price of cashew nuts has begun to decline, and the price is now US$1,570/ton. Uon Silot also said that Cambodia’s total raw cashew nut production reached 830,000 tons in the first seven months of 2024, surpassing India to become the second largest producer in the world. Cashew nut producing ...

Source: Guojiguoshu