Cambodia is the world’s second-largest producer of raw cashew nuts, yet only 5 per cent of what is produced is processed in country. Without local processing, Cambodia loses over US$125 million each year in potential revenue, while farmers and traders remain vulnerable to unstable market prices.
Australia is partnering with Olam Food Ingredients (ofi) – a global agribusiness which accounts for 20-25 per cent of the global cashew market – to increase processing capacity by 80 metric tonnes per day and generate up to US$10 million for investment in Cambodian cashew processing.
Australia is committed to attracting quality investments that create jobs and support businesses, helping Cambodia become economically strong and prosperous.
ភាសាខ្មែរ
