More than 2,435 tonnes of cashew nuts were shipped to foreign countries, as of mid-December of the current fiscal year (FY), according to a report in Myanma Alinn yesterday.
Cashew nut exports bring in some US$14 million annually. The nuts are exported to Viet Nam, China, Singapore, Thailand, South Korea, Hong Kong, Malaysia, Japan and India.
This year, cashew nut exports fetched a higher price than last year. The border trade in cashew nuts reached some 1,600 tonnes, while another 819 tonnes were exported through the sea route.
Cashews are grown in the Yangon, Bago, Ayeyawady and Taninthayi regions and in Mon, Kayin and Rakhine states. Of the 200,000 acres of farmland available for cashew cultivation across the country, some 150,000 acres are fertile.
Myanmar exported some 2,300 tonnes in FY 2011-2012, more than 3,400 tonnes in FY 2012-2013, 3,900 tonnes in FY 2013-2014, 2,400 tonnes in FY 2015-2016 and 1,700 tonnes in FY 2016-2017.
Cashew nuts are in great demand in the United States, the United Arab Emirates, the Netherlands, Germany, Australia, Canada, Japan and Thailand, while India, Viet Nam, Brazil, Benin, Guinea-Bissau and Cambodia are the world’s largest producers of cashew nuts.
Myat Thu (AMIA)