Economy: Cambodia becomes world's second largest producer of raw cashew nuts

According to the Cashew Nut Association of Cambodia (CAC), 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.

The world's first largest producer of raw cashew nuts is Côte d'Ivoire, while Cambodia has overtaken India as the second largest producer

According to the CAC, there has been a significant increase in cashew exports to Vietnam, amounting to more than 780,000 tonnes valued at $1.092 billion. This represents an increase of 36.7% in volume and 28.1% in value.

The CAC aims to attract more investment for local processing so that the 2022-2027 cashew policy can achieve greater results. Cambodia's cashew nut industry needs an additional investment of about $329 million to comply with the National Cashew Policy 2022-2027 for infrastructure development.

Over the past two weeks, Royal Government Delegate Kao Thach, CEO of the Agricultural and Rural Development Bank (ARDB), urged cashew farmers to join the Cashew Nut Association of Cambodia (CAC) and other farming communities to learn about production development, strengthen quality and have the power to sell their products.

Thach led his colleagues to a meeting with the CAC in Kampong Thom province to improve cashew nut production, quality and market. Three modern cashew farming communities in Kampong Thom province will be officially established in September, including Kampong Thom Sala Visai with 88 members and 204 hectares of cashew plantation, Prasat Sambo with 97 members and 509 hectares and Tamring Kampong Thom with 76 members and 460 hectares.