Yuanta

MoU to boost output of cashew nuts

Cambodia’s Ministry of Agriculture and Vietnam Cashew Association signed a memorandum of understanding (MoU) this week that aims to bolster the production of cashews nuts in Cambodia to reach 1 million tonnes a year. The Vietnam Cashew Association agreed to share with local farmers advancements in technology related to planting and harvesting, as well as boost investment in local plantations, contract farming, and research. Meanwhile, the ministry will urge farmers and companies to plant cashews, aiming to reach an output of 1 million tonnes in less than 10 years. Last year, Cambodia produced more than 104,000 tonnes of cashew nuts, nearly all of which was bought by cashew-processing companies in Vietnam. (Source: Khmer Times)

Economy & Industry

19th January 2018

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