Logo of Phnom Penh Post newspaper Phnom Penh Post - Gov't looking to boost domestic cashew processing with new policy

Gov't looking to boost domestic cashew processing with new policy

Content image - Phnom Penh Post
Prime Minister Hun Sen chairs a plenary session of the Council of Minister on January 13. SPM

Gov't looking to boost domestic cashew processing with new policy

Chaired by Prime Minister Hun Sen on January 13, the plenary meeting of the Council of Ministers approved the draft “National Policy on Cashew Nuts for 2022-2027” to develop inclusively competitive production and processing as well as ensure economic sustainability and diversification.

Government spokesman Phay Siphan said cashew is an agro-industrial crop and one of the government’s 12 priority crops. The government has been focusing on increasing the productivity, quality and competitiveness of the cash crop so that it could command a higher price.

He added that at present most cashews are exported as unprocessed products, which brought low value-added. In order to continue to boost the growth of competitive agribusiness with high quality and safe products, the introduction of the national policy on cashews is necessary and in line with other policies and strategic frameworks to ensure competitive advantage in local, regional and global markets.

He continued that the draft national policy on cashews was prepared through field research on processing and with exporters, consultative workshops, as well as input from relevant ministries, institutions, development partners and the private sector on all activities in line with value chains. The policy also highlights the duties and responsibilities of all relevant actors to ensure that the implementation is effective.

Ky Sereyvath, an economics researcher at the Royal Academy of Cambodia, said the policy is a step in the right direction, suggesting that there should be a national policy for all agricultural crops to boost exports.

He added that the cashew policy consists of a strategy to boost the market and help farmers' production and notably to expand the processing of cashew nuts for export and increase the value added to the national economy, which would also create jobs in the process.

“This policy is a new approach by Cambodia, especially as the government is stimulating sustainable growth in production and the economy,” he said.


  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • After three deferrals, Capital Gains Tax to take effect Jan 1, 2024

    The General Department of Taxation (GDT) will implement the Capital Gains Tax starting January 1, 2024 to after being deferred three times as industrial players warn that the implementation might have some negative impact on the property market growth, which is down due to the economic downturn.