New cashew processing plant underway in Kampong Thom - Khmer Times

Unique Noble Trading Co. Ltd. Tuesday broken ground for a new cashew processing plant in Kampong Thom province as the world’s second-largest producer continues to expand the billion-dollar industry.

The province’s Deputy Governor Chea Vanchan said that the new factory was a timely investment in line with the Royal government’s policy to promote the cashew nut sector.

“The factory will contribute significantly to promoting the productivity of cashew nuts and people’s living conditions,” he said.

Unique Noble director-general Pin Phirom said the factory would process 30 tonnes of nuts a day and will create 200-400 jobs.

The factory will also process cashew apples and shells into oil and fertiliser, she said.

The factory is in Sala Popel village, Sala Visai commune, in Prasat Balaing district.

Cambodia’s cashew industry has witnessed remarkable growth, with production hitting 840,000 tonnes in the first 10 months of the year, a 26 percent jump from the same period a year earlier.

Almost all 790,000 tonnes was exported to Vietnam for processing, generating more than $1 billion in revenue, a 31 percent increase year-on-year.

The Cashew Nut Association of Cambodia (CAC) is diversifying export markets, with processed nuts being shipped mainly to China, Japan, and Europe.

CAC president Uon Siloth said the cashew industry was becoming an increasingly important part of Cambodia’s agriculture sector.

The country has more than 580,000 hectares planted with cashews.

The average yield is about 1.5 tonnes per hectare. In some areas, that figure is four tonnes a hectare, according to CAC data.

Kampong Tom is gearing up to be Cambodia’s cashew nut hub.

The government is supporting the growth of the industry through financing, including through the Agricultural and Rural Development Bank and the SME Bank of Cambodia.

The world’s largest producer is the Ivory Coast in West Africa.

The Ministry of Agriculture, Forestry and Fisheries predicts Cambodia will become the world’s top producer of cashews by 2030.

Cambodia overtook India as the second-largest producer earlier this year as climate change impacted that country’s crop.

Under the government’s cashew industry policy 2022-2027, $329 million will be invested in the sector to develop infrastructure and improve processing capacity.

The government’s plan is to process more cashews in Cambodia to add value to the industry.

A new $12 million plant built by Singapore’s CSNC, Cambodia’s biggest processing factory, is due to begin production in March. It will be able to process 40 tonnes a day or about 12,000 tonnes a year.

Vanndy calls for maximising economic potential of cassava

Battambang to hold Khmer Food Fair on New Year’s Eve

Khmer Times is now available on iPhone and Android. Download the app and keep up with real time news from Cambodia and the world.

From our earliest days, play fuels discovery, so it is no surprise that layering game mechanics onto science lessons helps students grasp difficult topics.

Preparations are underway for the soft opening of Cambodia’s first Vocational School of Tourism (VST) in Phnom Penh and Preah Sihanouk province next week.

From the creators of Coco and Inside Out, Disney and Pixar’s newest animated film, Elio, has finally landed in Cambodia — bringing families a fresh, original adventure filled with emotion, imagination, and laugh-out-loud moments.

Siem Reap’s 2020 arts and lifestyle coverage kicked off the year on an optimistic note that, with the wisdom of hindsight, turned out to be somewhat ironic.

Because our baby is now at the centre of our life, it has been mentally challenging since even getting a good night’s sleep or a decent meal has suddenly become a real task.