Logo of Phnom Penh Post newspaper Phnom Penh Post - Cashew nut exports nearly double in 2019

Cashew nut exports nearly double in 2019

Content image - Phnom Penh Post
The Kingdom exported some 202,318 tonnes of cashews last year, up nearly 100 per cent from 2018’s 101,973 tonnes. Hong Menea

Cashew nut exports nearly double in 2019

Cambodia exported some 202,318 tonnes of cashew nuts last year to foreign markets, up nearly 100 per cent from 2018’s 101,973 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said.

Khan Samban, director of the ministry’s Department of Agro-Industry, told The Post that the strong growth in exports is due to the ministry’s simplification of export procedure and the commodity’s improved standards.

“Our cashew nuts have a good taste and quality, so we’ve received increased demand from foreign countries,” Samban said.

He said he expects cashew nut prices to fall to around 5,000 or 6,000 riel ($1.23 or $1.48) per kilogramme in the early harvest season this year. “Cashew nut yield will increase this year due to an increase in cultivation.”

The report said Cambodia’s main cashew nut export destinations are Vietnam, Russia, South Korea, China, Peru, Myanmar, India, Australia, Taiwan, Singapore and Malaysia.

The area allotted to cashew nut cultivation totals 149,660ha, spanning 22 provinces. Almost 60 per cent is harvested land, which yielded 116,343 tonnes in 2018, data from the ministry shows.

In 2018, the ministry signed a memorandum of understanding with Vietnamese Cashew Association (Vinacas) to increase Cambodia’s cashew nut exports to one million tonnes by 2028.

This came after Vinacas provided the ministry with a 1.5 billion dong ($66,000) grant in December 2017 to grow one million cashew trees on a total area of 500,000ha from then through 2022, Viet Nam News reported.

“Cambodia is one of the few countries in the world that has excellent natural conditions for growing cashew,” Viet Nam News quoted Vinacas chairman Nguyen Duc Thanh as saying.

The Kingdom can produce one tonne of raw cashew nuts per hectare of cultivated land while Vietnam can yield more than two tonnes.

In 2018, the Switzerland-backed NGO, Heks/Eper, announced the launch of a five-year, $7.8 million development project for cashew nuts in Cambodia to improve the livelihood of rural families.

The project, which will be implemented between 2018 and 2022, is expected to boost food security, income and land management for poor communities.

It is set to be implemented in seven provinces – Pursat, Kampong Chhnang, Prey Veng, Tbong Khmum, Kratie, Mondulkiri and Stung Treng.

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Floods prompt evacuations in Kampong Speu

    Rain-induced floods and water flowing from Kampong Speu province have submerged the houses of 1,527 families living close to the Prek Thnot River in Spean Thma, Tien, Kong Noy and Roluos communes in Phnom Penh’s Dangkor district, according to data from local authorities. Spean Thma

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in