Industry sees a significant rise in production and exports, bolstering Cambodia’s position in the global cashew market.
Cambodia has officially become the world’s second-largest producer of raw cashew nuts, with a remarkable production of 830,000 tonnes in the first seven months of 2024, according to the Cashew Nut Association of Cambodia (CAC). This achievement marks a 36.7% increase in export volume, with 780,000 tonnes of cashews shipped to Vietnam, valued at over $1 billion.
Uon Silot, President of CAC, attributes this success to strategic adaptation to the El Nino phenomenon and increased cultivation areas. “Our proactive guidelines helped farmers optimize yields despite challenging climate conditions,” said Silot. “This milestone is crucial for attracting foreign investment and expanding local processing capabilities, which aligns with our National Cashew Policy 2022-2027.”
The world’s leading producer remains Ivory Coast, but Cambodia’s surge in production has positioned it ahead of India, now the third-largest producer. Silot emphasized that this growth is essential for creating jobs, reducing migration, and ensuring fair pricing for farmers.
To further enhance production quality and market access, the CAC has collaborated with the Agricultural and Rural Development Bank (ARDB) and is establishing modern farming communities across Kampong Thom province. These initiatives are part of a broader effort to meet the industry’s investment needs, estimated at $329 million.
About the Cashew Nut Association of Cambodia (CAC):
The Cashew Nut Association of Cambodia (CAC) is dedicated to promoting and advancing the cashew industry in Cambodia. Through advocacy, education, and collaboration with farmers and industry stakeholders, CAC aims to establish Cambodia as a global leader in cashew production and processing.