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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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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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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In June this year, the Cambodian Ministry of Commerce introduced the National Policy on Cashew 2022–2027, a bold initiative aiming to position Cambodia as a leading nation in cashew production, processing, and exportation. This all-encompassing policy is crafted to boost cashew production, stimulate the establishment of processing facilities, and stimulate exports by implementing programs for…
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In 2022, Nigeria marked a remarkable milestone in its non-oil sector, achieving a noteworthy export of 315,677 tons of raw cashew nuts, amounting to a value of $252 million. This substantial accomplishment represented 5.24% of the nation’s non-oil exports. With this significant progress, Nigeria reinforces its standing as a key global exporter of cashew nuts.…
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The resilience of Vietnam’s cashew industry is evident once again as its cashew exports for the first quarter of 2023 surged to 122 thousand tons, valued at 708 million USD. This represents a noteworthy increase of 16.6% in volume and 14.2% in value compared to the same period in 2022. Despite facing various challenges, Vietnam’s…
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