Logo of Phnom Penh Post newspaper Phnom Penh Post - Cashew growers await August price spike

Cashew growers await August price spike

Content image - Phnom Penh Post
Cashew fruits taken from a farm in Kampong Thom province in January. AGRICULTURE MINISTRY

Cashew growers await August price spike

In the first three months of the year, Cambodia exported a total of 233,050 tonnes of raw cashew nuts worth about $320 million to Vietnam, said the Cashew nut Association of Cambodia (CAC). According to the association, the figure is down 12.95 per cent compared to the same period last year.

“This decline is not a cause for concern, as the association has been forecasting data since the beginning of the year, and exports have fallen due to a drop in wet grain prices at the end of March. Therefore, CAC informed our members to stop selling and drying produce, because we expect a jump in prices around August,” said CAC president Uon Silot.

Silot added that according to CAC, world cashew yields have not increased, so members of the association who have access to warehouses have begun drying cashew nuts. The association has paid close attention to Vietnamese exports, as they make up almost 100 per cent of the kingdom’s exports.

According to Silot, cashew nuts are a high value-added agricultural product with a long-term outlook, which means that demand for this type of luxury good is increasing. In Cambodia, the most popular cashew nut is the M23 variety, which is large in size, and delicious. On average, a hectare of cashews can yield 1.49 tonnes.

“It is estimated that there are 22,000 farmers and about 38,000 people working in the cashew production chain, in addition to seasonal labour. Currently, almost all cashew products are exported unprocessed, but we could provide an additional 10,000 jobs if raw cashew products throughout Cambodia were processed and packaged locally,” he said.

At the same time, Nok Bunthon, a grower and president of the Kampong Thom Cashew Nut Association, said that farmers in his province sell more wet nuts than dried due to weather conditions and a lack of drying facilities.

“Wet cashews currently command 4,300 riel per kg. Prices are falling compared to last year, but farmers are not overly concerned.

“Brokers say the cashew nuts harvested this time were of poor quality, with damage due to worms and insects. The early rains caused worms to lay eggs earlier in the year and pierce the seeds. In Kampong Thom, it is difficult to dry because of the rain and the inclement weather. Those who have large plantations are losing a lot of potential profit while they wait eight months for sales to improve,” he added.

According to the CAC, there are five countries in Asia that can grow cashews: Cambodia, India, Vietnam, Indonesia and the Philippines. Cambodia has targeted eleven provinces for cashew nut production, with about 700,000ha under cultivation. Global crude cashew production has increased 12-fold in the last 50 years, from less than 300,000 tonnes in 1961 to 3.7 million tonnes in 2008.

In 2022, the Kingdom exported 670,000 tonnes of raw cashew nuts, worth $1.077 billion, to international markets, including Vietnam, Japan and China. Several other nations are currently exploring the possibility of importing the Kingdom’s cashews.


  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Kep selected for ‘world-class’ 2.7km beach development

    Kep province has been selected as the first site of a new coastal development initiative, with a “world-class” 2.7km beach planned for the near future. The Kep Provincial Administration met with the National Committee for Coastal Management and Development to discuss the development of the

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the