Illustrative image (Source: VNA) Hanoi (VNA) – The Vietnamese cashew sector is working withCambodia’s Ministry of Agriculture, Forestry and Fisheries and Cambodian firmsto develop a 1-million-tonne cashew material region in Cambodia.
According to President of the Vietnam Cashew Association (Vinacas)Nguyen Duc Thanh, the association will help Cambodia cultivate 500,000 hectaresof cashew, with all the output set to be bought by Vietnamese enterprises.
Before 2014, Cambodia sold only 30 percent of its cashew nuts toVietnam. But in the last two years, Vietnam has become the largest consumer ofCambodia’s cashew by buying more than 90 percent of exports, making Cambodia Vietnam’sfifth largest raw cashew supplier.
Cambodia’s plan to expand cashew farms aims to improve locals’ income.
Hean Vann Horn, head of the agriculture general department and an envoy of the CambodianGovernment, said that in the last few years, due to price volatility and poormanagement, cashew farming area in Cambodia plummeted from 300,000ha to100,000ha.
He asked for Vinacas’s help to supply good seedsand technical training to ensure good quality and yields.
Initially, Vinacas has provided 1.5 billionVND (66,000 USD) to the Cambodian side to grow one million cashew trees in 2018-2022.
Currently, local raw material supply only meets20 -35 percent of Vietnam’s demand.
The country has imported 1.2 milliontonnes of raw cashew so far this year, mostly from Africa.-VNA
VNA
