Cambodian Cashews - Demands that keep raising
Demand for Cambodian cashew nuts remains robust in 2018, with the price of the commodity in the global market has experienced moderate growth in recent months. Times that the price for cashews is higher than last year, while the production of the commodity has also expanded. Demand continues to rise, that more plantations are popping up around the country to meet it. With more than 140,000 hectares of cashew plantations, Cambodia produced over 140,000 tonnes of the commodity last year. The number of cashew plantations continues to expand. With guaranteed markets through contract farming and support from Vietnam, cultivation of cashew will increase and will be able to reach an output of one million tonnes in less than ten years.
Farmers are now selling a kilogram of raw cashews anywhere from 6,500 ($1.62) to 8,000 riels ($2). Processed cashews and other cashew-related products can fetch as much as $17 per kilogram. The harvest season for the commodity began early March and will go until the end of May. The period of the highest yield will be from mid-March to mid-April. Besides exporting the raw goods to Vietnam, we have also started processing the nuts locally, along with other products like pepper, fruits, and vegetables. CCAC ( Cambodian Agriculture Cooperative Cooperation) serves as a storage and processing facility for agricultural products in Kampong Thom. Funded by the European Union and a host of local associations, the centre was started with an investment of more than $3 million, and can now store over 5,000 tonnes of produce. Now, the price of cashew nuts in the international market has fallen a little, particularly in Africa. Fortunately, the situation is still good for Cambodian cashews. Around 95% of Cambodian raw cashew nuts shipped to Vietnam. Only one or 2% of cashew exported from Cambodia. Vietnam is the biggest market, followed by India.
The Vietnam Cashew Association agreed to share with local farmers advancements in technology related to planting and harvesting, as well as boost investment in local plantations, contract farming, and research. Cashews are grown in Ratanakkiri, Mondulkiri, Kratie, Tboung Khmum, Kampong Cham, and Kampong Thom. Kampong Thom, Kampong Cham, and Ratanakkiri are the biggest provinces in terms of the area allocated to the cultivation of cashews, with 27, 18, and 17% of total cultivated land growing the crop, respectively.