According to a report from the Cambodia Cashew Association, in the first three months of 2024, Cambodia’s cashew nut production reached 474,000 tons, of which 424,000 tons were exported to Vietnam, with an export value of US$543 million, a year-on-year increase of 13%.
Uon Silot, chairman of the Cambodian Cashew Nut Association, pointed out on the 19th of this month that cashew nut prices plummeted in February this year. The association called on members not to sell raw cashew nuts for the time being and to dry them before selling them.
He said that at that time (February) Cambodia’s cashew nut exports to Vietnam dropped by 32%. Until mid-March, the price of cashew nuts began to rebound. The price of raw cashew nuts rose to 5,000 Cambodian dollars per kilogram, the highest price in 15 years. The average price of dried cashew nuts was US$1,200 per ton.
The above-mentioned report also shows that in 2023, Cambodia’s cashew nut export volume will be 656,000 tons, a decrease of 7.6%, and the export value will reach 837 million US dollars.
please follow lnnuts.com,you can get more info.