Vietnam’s cashew exports in October 10 reached a new record
In October 2023, Vietnam’s cashew exports recorded a new record high of 64.32 thousand tons, worth 358.18 million USD. The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs as saying that in October 2023, Vietnam’s cashew nut exports recorded a new record high of 64.32 thousand tons, worth…
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Additional investment needed for Cambodia’s cashew nut industry
The cashew nut processing sector in Cambodia urgently requires increased investment to unlock its full potential. Given the nation’s ample supply of raw cashew nuts, Cambodia is well-positioned to emerge as a prominent global producer of processed cashew nuts. However, the existing deficiency in investment hampers the realization of this potential. Investors are crucial to…
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Monchy Food Co acquires Tanzanian cashew processing plant
Monchy Food Company, a well-established player in the import, processing, packaging, and distribution of nuts, seeds, dried fruits, and superfoods, has completed the acquisition of the Amama Farms cashew processing plant located in Tandahimba, Tanzania. This strategic move provides Mfc with unparalleled access to a significant cashew processing facility in the country, enhancing its standing…
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Tanzania’s 2021/22 crop yields 240,159 tons of raw cashews
Tanzania, the East African nation, has recently unveiled a remarkable achievement with the production of 240,159 tons of raw cashews in its 2021/22 crop season. This accomplishment holds immense significance, ranging from the health benefits of cashews to the economic impact on Tanzania, and it reverberates globally. The burgeoning cashew industry in Tanzania has instilled…
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Vietnam seeks raw cashew nut imports from Cambodia due to shortage
The collaboration in the raw cashew (RCN) trade between Vietnam and Cambodia proves mutually advantageous. Vietnam’s dependence on Cambodia’s raw cashew supply ensures a stable supply chain, while Cambodia’s growing cashew industry thrives on the significant demand from Vietnam. This interdependence highlights the effectiveness of regional trade partnerships in the context of a globalized economy.…
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Obstacles persist for Vietnam’s cashew nut exports in 2023
In 2022, Vietnam revised its cashew nut export target, lowering it from $3.8 billion to $3.2 billion. However, the Vietnamese cashew industry fell short, achieving only $3.07 billion. As of 2023, the growth outlook remains pessimistic. Vietnam Cashew Industry Miss Export Target in 2022 The Vietnam Cashew Association (VINACAS) recently conducted a conference to assess…
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