Logo of Phnom Penh Post newspaper Phnom Penh Post - Cashew nut export partnership looking to scale up

Cashew nut export partnership looking to scale up

Content image - Phnom Penh Post
Cashew nut exports rose 8.2 per cent in 2020. Hong Menea

Cashew nut export partnership looking to scale up

Local enterprise Chey Sambor Cashew Nut Processing Handicraft is exploring the possibility for their partnership with Top Planning Japan Co Ltd (TPJ) to generate a monthly 20 tonnes of processed cashew nuts for export.

This comes after a second batch of the nuts was successfully delivered to TPJ on June 13, according to In Lai Huot, owner of the business, based in southwestern Kampong Thom province’s Kampong Svay district.

She told The Post on June 14 that her enterprise was seeking funding and studying the feasibility of expanding production to be better equipped to meet a likely post-Covid surge in demand for cashew nuts.

Lai Huot stressed that her business’ products are not exclusively for export to Japan, but they also stock local markets and stores, such as Khmer Organic Cooperative Co Ltd, and are sold to wholesale and retail clients in the provinces, particularly in tourist areas surrounding Kampong Thom’s Sambor Prei Kuk temple complex.

“I have not yet said when the plan to build up a 20-tonne [per month] capacity will come true, because we do not have enough capital,” she lamented.

Recently, Lai Huot mentioned that Covid had led to a drop in orders. Chey Sambor has delivered just two batches of cashew nuts TPJ, seven tonnes last month and nine on June 13.

Ministry of Agriculture, Forestry and Fisheries director for Agro-Industry Kong Pheach emphasised cashew nuts’ high potential for export to international markets.

The expansion plans are consistent with government policy to promote the prestige of agricultural products, as encapsulated by their share of the Kingdom’s total exports, as well as to create new jobs for farmers, extract additional value from production, and reduce imports of raw materials, he said.

“Processed cashew nuts are a high-potential commodity for export to many countries around the world. As far as I know, many companies are currently contacting Cambodia for” them, he said, voicing support for Chey Sambor’s ambitions.

In Cambodia today, there are more than 500,000ha of cashew plantations, with an average yield of 1.5 tonnes per hectare per year, according to Pheach.

During a visit to the business on June 13, agriculture minister Veng Sakhon encouraged the community to find more partners to acquire planting and processing techniques, as well as to discover new markets.

“Once a product is marketed, it will lead to increased production, which in turn leads to increased revenue, creating more new job opportunities. This is the desire of the Royal Government – to promote agricultural exports in the context of the spread of the Covid-19 disease,” he said.

In 2020, the Kingdom exported 218,981 tonnes of cashew nuts, an increase of 8.24 per cent from 202,318 tonnes in 2019, the ministry reported. Cashew nuts are exported to Vietnam, Japan, Russia, China, Hong Kong, Thailand, France, South Korea, Turkey and Bangladesh, Malaysia, the Netherlands and Laos.

MOST VIEWED

  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Angkor Beer, 30 Years of Prestige and Still Counting

    Let’s celebrate 30 years of prestige with Angkor Beer. In this 2022, Angkor Beer is 30 years old and has been staying with Cambodian hearts in all circumstances. Head of core beer portfolio, EmYuthousaid, “We have been with Cambodians for three decades now. We, ANGKOR Beer, pride

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,