A prominent local cashew nut enterprise’s processing and export capacity is expected to at least double by 2024 as Japan’s Mirarth Holdings Inc expresses interest in providing assistance with industrial machinery, according to the owner of the Kampong Thom-based business, In Lai Huot.
Japanese firm Top Planning Japan Co Ltd’s (TPJ) apparent interest in investing in facilities in Battambang province to convert cashew nut shells into fuel and process the fibre-rich seeds for export has been greeted with much enthusiasm among local authorities
The third and final inter-ministerial meeting on the National Policy on Cashew Nuts for 2022-2027 concluded on November 25, and the document will now be submitted to the Council of Ministers, or Cabinet, for review, according to the Ministry of Commerce.
Cambodia has resumed the formal export of processed cashew nuts to Japan following a nearly half-year hiatus due to regulatory issues on the Japanese side, according to the owner of the Kingdom’s sole exporter of the edible seeds to the East Asian market.
Cambodia exported about 660,000 tonnes of raw cashew nuts worth more than $1.077 billion to Vietnam in the first seven months of 2022, down by 350,000 tonnes or 34.65 per cent year-on-year, according to the head of the Cashew nut Association of Cambodia (CAC).