
Australia, Japan combine to boost Cambodian cashew industry
Cambodian farmers sorting cashew nuts. -Australian embassy
PHNOM PENH: Australia and Japan are collaborating to strengthen Cambodia's cashew industry by helping improve processing capabilities and the quality and flavour of the kingdom's nuts.
In 2024, only about five per cent of the kingdom's harvested cashews were processed domestically, with the vast majority exported before value was added.
According to June 10 post by the Australian embassy in Cambodia, Australia and Japan are working together to strengthen Cambodia's cashew sector through complementary support that can increase processing capacity and see more delicious, high quality Cambodian cashews reach global markets.
It reiterated that only about five per cent of the 840,000 tonnes of cashews grown in Cambodia last year was processed in country.
'If more of this yield can be processed in Cambodia, the country can capture more value and generate more jobs and wealth,' it noted.
The embassy added that, with support from both governments, Kampong Thom-based cashew processing company MIRARTH Agri Tech is 'helping to advance in-country processing, showcase Cambodia's cashews to global markets, and ensure smallholder farmers who grow these cashews benefit from more stable, fair prices'.
Japanese support has helped the company improve supply chains and undertake feasibility studies for cashew processing and minimising waste. Australian backing, meanwhile, has helped MIRARTH enhance its export readiness, including through coaching, business matchmaking and participation in the 2025 World Cashew Conference – resulting in preliminary agreements with several companies.
According to the embassy, MIRARTH plans to process 3,000 tonnes of cashew in 2025 and work towards a zero-waste approach.
'This collaborative approach between Australia and Japan reflects our shared commitment to advance high-potential sectors in Cambodia – improving productivity, employment and livelihoods whilst driving sustainable economic growth,' it said.
The Cashew Nut Association of Cambodia (CAC) previously reported that as of March 2025, Cambodia had 52 cashew processing enterprises, including 6 medium-sized factories (with production capacity between 7,000 and 140,000 tonnes annually). The remaining 46 enterprises are small, family-run businesses without year-round production.
According to the association, Cambodia produced 850,000 tonnes of raw cashew nuts in 2024, with 815,000 tonnes exported — mostly to Vietnam — an increase of 21 per cent compared to 2023. The total export value was approximately $1.15 billion, up 26.1 per cent.
Cambodia is currently home to about 700,000 hectares of cashew plantations, of which 580,117 hectares are harvest-ready, with the rest being newly planted areas. Cashews are grown in almost every province, but predominantly in Kampong Thom, Kratie, Ratanakiri, Stung Treng, Kampong Cham, Tboung Khmum, Preah Vihear, Siem Reap, Oddar Meanchey, Kampong Chhnang and Mondulkiri, according to the CAC. - The Phnom Penh Post/ANN
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
38 minutes ago
- The Star
DR Congo extends suspension of cobalt exports by three months
KINSHASA, June 21 (Xinhua) -- The Democratic Republic of the Congo (DRC) has extended its temporary suspension of cobalt exports for an additional three months, citing persistently high inventory levels in both domestic and international markets. The move follows a four-month export halt announced in February. The extension was announced on Saturday by the DRC's Regulatory and Oversight Authority for Strategic Mineral Substances Markets (ARECOMS), the national body responsible for regulating the trade of critical mineral substances. Established in 2019, ARECOMS oversees the regulation of strategic minerals such as coltan, cobalt and germanium. Its mandate includes stabilizing markets, formalizing the artisanal sector, and ensuring compliance with international anti-money laundering and counter-terrorism financing regulations. According to an official statement, the extended ban covers all cobalt extracted from industrial, semi-industrial, small-scale and artisanal mining operations, and takes effect immediately from the date of signature, June 21. ARECOMS said that a new decision will be issued before the end of the suspension period, which may either modify, extend, or lift the current export ban, depending on market developments. According to London-based data analytics and consulting firm GlobalData, the DRC's cobalt production is projected to reach 244 kilotonnes in 2024. The country is the world's largest cobalt producer, supplying over 80 percent of global output. Cobalt is a critical raw material used across various industries, particularly in the production of rechargeable batteries for electric vehicles, smartphones, and other electronic devices. The DRC's cobalt mining industry is primarily concentrated in the Katanga region, where both industrial and artisanal operations are prevalent.


The Star
6 hours ago
- The Star
South-East Asia's budget airlines bet on travel demand, despite competition woes: Analysis
SEOUL: South-East Asia's biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down Singapore-based offshoot Jetstar Asia. Low-cost carriers have proliferated in Asia in the past two decades as disposable incomes rise, supported by robust travel demand from Chinese tourists. Demand for air travel in Asia is expected to grow faster than other regions in the next few decades and carriers like Vietnam's VietJet Aviation and Malaysia-headquartered AirAsia are to buy more planes to add to their already large orderbooks as they seek to gain market share. But margins are thinner than in other regions. The International Air Transport Association (IATA), an airline industry body, this year expects Asia-Pacific airlines to make a net profit margin of 1.9%, compared with a global average of 3.7%. Airlines across Asia have largely restored capacity since the pandemic, which has intensified competition, especially for price-sensitive budget travellers, and pulled airfares down from recent high levels. International airfares in Asia dropped 12% in 2024 from 2023, ForwardKeys data shows. AirAsia, the region's largest budget carrier, reported a 9% decline in average airfares in the first quarter as it added capacity and passed savings from lower fuel prices onto its customers. Adding to challenges for airlines, costs such as labour and airport charges are also rising, while a shortage of new planes is driving up leasing and maintenance fees. This shifting landscape prompted Australia's Qantas to announce last week that its loss-making low-cost intra-Asia subsidiary Jetstar Asia would shut down by the end of July after two decades of operations. Jetstar Asia said it had seen "really high cost increases" at its Singapore base, including double-digit rises in fuel, airport fees, ground handling and security charges. "It is a very thin buffer, and with margins this low, any cost increase can impact an airline's viability," said IATA Asia-Pacific Vice President Sheldon Hee, adding that operating costs were escalating in the region. Aviation data firm OAG in a February white paper said Asia-Pacific was the world's most competitive aviation market, with airfares driven down by rapid capacity expansion "perhaps to a point where profits are compromised". "Balancing supply to demand and costs to revenue have never been more critical," the report said of the region's airlines. South-East Asia has an unusually high concentration of international budget flights. Around two-thirds of international seats within South-East Asia so far this year were on budget carriers, compared to about one-third of international seats globally, CAPA Centre for Aviation data shows. Qantas took the option to move Jetstar Asia's aircraft to more cost-efficient operations in Australia and New Zealand rather than continue to lose money, analysts say. Budget operators in South-East Asia were struggling for profits amid fierce competition even before the pandemic and now there is the added factor of higher costs, said Asia-based independent aviation analyst Brendan Sobie. Low-cost carriers offer bargain fares by driving operating costs as low as possible. Large fleets of one aircraft type drive efficiencies of scale. Jetstar Asia was much smaller than local rivals, with only 13 aircraft. As of March 31, Singapore Airlines' budget offshoot Scoot had 53 planes, AirAsia had 225 and VietJet had 117, including its Thai arm. Low-cost Philippine carrier Cebu Pacific had 99. All four are adding more planes to their fleets this year and further into the future. VietJet on Tuesday signed a provisional deal to buy up to another 150 single-aisle Airbus planes at the Paris Airshow, in a move it said was just the beginning as the airline pursues ambitious growth. The deal comes weeks after it ordered 20 A330neo wide-body planes, alongside an outstanding order for 200 Boeing 737 MAX jets. AirAsia, which has an existing orderbook of at least 350 planes, is also in talks to buy 50 to 70 long-range single-aisle jetliners, and 100 regional jets that could allow it to expand to more destinations, its CEO Tony Fernandes said on Wednesday. "At the end of the day, it is go big or go home," said Subhas Menon, director general of the Association of Asia Pacific Airlines. - Reuters

Barnama
8 hours ago
- Barnama
Japan To Provide Defence Equipment To Thailand, 7 Other Nations
TOKYO, June 21 (Bernama-Kyodo) -- Japan plans to supply defence equipment to Thailand, Tonga and six other nations in the current fiscal year as security aid, a government source said Friday, in bid to ensure safe sea lanes in the Indo-Pacific region where China is evolving its military posture. According to Kyodo news agency the eight countries -- also including East Timor, Indonesia, Malaysia, Papua New Guinea, the Philippines and Sri Lanka -- are expected to be designated as the recipients of Japan's "official security assistance" (OSA) framework, designed for like-minded partners, for fiscal 2025 from April, the source said. The government is considering providing them Japanese-made drones to help in their natural disaster relief and maritime surveillance missions, according to the source.