Cambodia set to increase exports of processed cashew nuts to Europe, USA, Canada, China and Australia markets

Cambodia set to increase exports of processed cashew nuts to Europe, USA, Canada, China and Australia markets

After the success of Cambodian cashew exports to Japan, the sector is new setting its eyes on fresh new markets where demand for cashew’s are high. These new market areas comprise Europe, USA, Canada, China and Australia.

This announcement was made during the visit of Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, to inspect the cashew processing activities of Chey Sambo Cashew Craft on June 13.

The future direction of Top Planning Japan (TPJ) in cooperation with Chey Sambo Cashew Nut Handicraft, located in Trapeang Arak Village, Chey Commune, Kampong Svay District, facilitated by the Department of Agriculture and Industry, is to increase exports to these new markets mentioned.

To enable this, the company is set to increase the production and processing of cashew nuts to 20 tons a month as well as increase the amount of fresh cashew nuts to 1,000 tons in 2021.

At the same time, in cooperation with the Cambodian Cashew Association, a new warehouse for fresh cashew nuts with a storage capacity of at least 5,000 tons is to be built to ensure the supply quantity and contract price.

By 2023, TPJ plans to build a processing plant with a production capacity of up to 2,000-3,000 tons a year. Khmer Times