Cambodia’s cashew nut production fell to third place in the world, and production continues to decline sharply this year

Published Mar 1, 2024

Tridge summary

Cambodia's cashew nut production reached over 650,000 tons in 2023, making it the third largest producer globally. However, most of its cashew nut processing is done in Vietnam, India, and Brazil. The Cambodian Cashew Association is looking to attract more investors to its processing industry and plans to establish 30 new factories to increase local raw material absorption. The majority of the country's cashew nuts are exported to Vietnam, totaling 618,000 tons. However, the association has lowered its 2024 outlook due to the impact of the El Niño weather phenomenon on crops.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Food and Agriculture Organization of the United Nations (FAO) recently released data showing that Cambodia’s cashew nut production exceeded 650,000 tons in 2023, ranking third in the world, second only to Cote d’Ivoire and India. Cambodia ranked first in 2021 with a production of more than 1.18 million tons. No. 1 in the world, with a production volume of more than 690,000 tons in 2022, ranking second. At the same time, a report from the Cambodia Cashew Association shows that Cambodia exported a total of 665,000 tons of raw cashew nuts to the international market in 2023, a year-on-year decrease of 7.6%; the total export volume was US$837 million. , a year-on-year decrease of 16.9%. ​ Although Cambodia's cashew nut production is huge, the country's development in the field of cashew nut processing is still in its infancy, and most cashew nut processing work is currently concentrated in Vietnam, India and Brazil. Faced with this challenge, President of the Cambodian Cashew ...
Source: Foodmate

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