Logo of Phnom Penh Post newspaper Phnom Penh Post - New group established to draft cashew nut strategy

New group established to draft cashew nut strategy

Content image - Phnom Penh Post
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. Hong Menea

New group established to draft cashew nut strategy

The Ministry of Commerce has set up a technical-working group to study and compile the Kingdom’s draft cashew nut policy in an effort to promote its production and export, it said in a press release on Tuesday.

The working group comprises thirteen members, including representatives from the ministry and several NGOs.

“The working group is tasked with facilitating meetings and the planning and drafting of an updated advisory report on cashew nut production.

“Operating as a consultation workshop, it will research, develop and cooperate with relevant stakeholders and development partners in order to establish Cambodia’s cashew nut policy,” said the ministry.

Kampong Thom provincial Department of Agriculture’s agro-industry bureau director Hong Seng Hak lauded the ministry’s move.

He told The Post on Wednesday that a cashew nut policy will help to improve its supply chain. “I think it’s a positive step. It will provide technical assistance and help attract more investors.”

Earlier this month, Seng Hak said, a cashew nut farmer in the province was selling the crop at between 4,000 and 6,000 riel ($1 to $1.50) per kilogramme.

“The cashew plant is very important to our people in Kampong Thom – as important as the rubber and cassava plant.

“I expect that the price of cashew nuts will be stable this year,” he said.

He said cashew nut is harvested over 78,000ha in Kampong Thom province. “The cashew nut yield on average is one to two tonnes per hectare.”

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 last month that the strong growth in exports is due to the ministry’s simplification of export procedures 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 be around 5,000 or 6,000 riel 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.

MOST VIEWED

  • Hun Sen says Kingdom not a 'satellite country'

    Prime Minister Hun Sen said Cambodia had sent diplomatic notes to various embassies demonstrating its stance and clarifying allegations that the Kingdom is a satellite country of China which will allow it exclusive access to the Ream Naval Base in Preah Sihanouk province. The response

  • Vast Prince Manor fun park opens to much fanfare in Kandal

    Chinese-owned Prince Culture and Development Co Ltd officially launched the $85 million Prince Manor entertainment centre in Kandal province on Wednesday. Prince Manor is located along National Road 1, 20km from the centre of Phnom Penh. It is the first major theme park project in Cambodia and

  • 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

  • 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

  • Cintri strike ends, workers’ contracts to be terminated

    CINTRI (Cambodia) Ltd rubbish collectors who have been on strike for the past 13 days agreed to return to work starting Wednesday evening after the company agreed to terminate their contracts at the end of January next year and provide seniority payments and other benefits to