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

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’