Cambodia has become the world’s second-largest producer of raw cashew nuts, with a total production of 830,000 tonnes in the last seven months of 2024, according to the report of the Cashew Nut Association of Cambodia (CAC).
CAC said, there has been a significant increase in cashew exports to Vietnam, amounting to over 780,000 tonnes valued at $1,092 million. This represents 36.7 percent increase in volume and 28.1 percent increase in value.
Uon Silot, President of the Cashew Nut Association of Cambodia (CAC), told Khmer Times on Sunday that this increase is not accidental because, since May, the CAC has seen a significant increase due to cashew nut crops adapting to the El Nino phenomenon, while the area under cultivation has also slightly increased as well.
It may be recalled that on September 2023, the CAC announced that Cambodia might be impacted by about El Nino phenomenon. The association has issued some guidelines both for CAC members and farmers, in general, to be prepared to maintain a good harvest. “The CAC instructions were adapted hence the yields increased,” said Silot.
The world’s first-largest producer of raw cashew nuts is Ivory Coast, while Cambodia overtook India as the second largest. India dropped to the third place due to climate change.
Silot said, “This information is important as it could attract more foreign investors. When thinking of cashews, we should think of Cambodian cashews.”
CAC wants to attract more investment for local processing so that the cashew policy 2022-2027 can achieve greater results.
“This is what the CAC and other parties have always dreamt of, because the more factories we have, the more jobs we can create in the community, reduce migrant workers and help farmers maintain a fair price by providing value-added to our farmers by reducing a large number of brokers,” Silot emphasised.
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Writer: Mom Kunthea
News: Khmer Times
August 19, 2024
