Cambodia witnessed a surge in the export of raw cashew nuts in the first six months of 2024. Total exports were valued at nearly $1 billion, already surpassing the total for the entirety of 2023.
The figure accounted for approximately one-third of the value of Cambodia's total agricultural exports, ranking cashew nuts as the highest earner of the Kingdom’s agricultural products.
Khim Finan, spokesman for the Ministry of Agriculture, Forestry, and Fisheries, noted that the majority of cashew exports were in raw form.
“One of the ministry’s top priorities is improving Cambodia’s processing facilities to ensure that we can add value before they are exported,” he told The Post.
Achieving this objective necessitates substantial investment in processing infrastructure, transportation networks and other essential facilities.
Finan expressed optimism about the future expansion of these efforts to bolster the local economy and increase the value retention of cashew nuts within the Kingdom.
Currently, 94 per cent of Cambodia's agricultural exports are directed to three main markets: Vietnam, Thailand and China.
“Vietnam imports cashew nuts, cassava and fresh mangoes, while Thailand receives cassava, fresh mangoes and pepper. China takes bran, bananas, rice, cassava and mangoes,” said Finan.
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Reporter: Hong Rasmey
Source: The Phnom Penh Post
Photo: Hong Menea
July 15, 2024
