$56 mio from cashew per year: BU GIA MAP will reach $100 mio if STANDARDIZED CASHEW PLANTING REGIONS

Thứ ba - 09/08/2022 05:31 588 0
Bu Gia Map district of Binh Phuoc province is located in the northeastern strip of the province. This locality is characterized by rich agriculture and of several key perenial crops for export with high economic value such as Cashew, Peppercorn, Durian, Jackfruit, Pomelo, etc. Each year the district’s own import-export turnover of cashew nuts reached 56 million USD, just behind the province’s leading Bu Dang district where reached 100 million USD. In the current situation of fierce commercial competition both at home and abroad, domestic and foreign investors are looking at the land of Bu Gia Map and the cashew tree from a new, positive and highly competitive perspective in the world.
Binh Phuoc localities with the Agricultural Product Export Acceleration Program
Binh Phuoc localities with the Agricultural Product Export Acceleration Program
In 2020, the cashew planting area of ​​Bu Gia Map reached 26,286 hectares, accounting for 19% of the total cashew planting area of the province, and only behind Bu Dang district 59,809 hectares. Most of the cashew planting area of ​​Bu Gia Map is for harvest (accounting for just over 96%). The output of harvested cashew nuts of Bu Gia Map was therefore also the second position at 37,221 tons (accounting for 20% of the total cashew nut production of the province).

With favorable natural characteristics for cashew trees in Binh Phuoc province, this province has become the national “capital” of cashew trees with outstanding quality compared to other international cashew growing regions. In Binh Phuoc, all districts, towns and city grow cashew trees with different scales. Localities with smaller cashew scales tend to reduce the area to make room for urban development and other development goals, but localities such as Bu Gia Map and Bu Dang still increase cashew planting scales. However, Bu Gia Map district may become the new cashew growing center of the province and the whole country after the process of shifting land use demand in the province.

Although there are only about 6 enterprises in Bu Gia Map district participating in the cashew nut import and export market, each year the district contributes 56 million USD to the province’s total import and export turnover. Currently, Binh Phuoc cashew industry not only earns income from cashew nut processing for export, but also high income from by-products such as cashew wood, hard shell, silk shell, especially cashew nut shell liquid (CNSL). Such by-products are now of great economic value and very high use value in many specific industries. These findings are attracting domestic and foreign investors to invest in the district from planting cashew trees, processing cashew products, paving the way for the deep processing industry and refined CNSL products. Therefore, Bu Gia Map district may quickly reach 100 million USD in the near future.

Facing the situation of shifting crops, shifting land use needs, and fluctuations in the market of key agro-products inside and outside the country, the beneficial calculation of different crops compared to the current cashew tree is not easy. At many times, cashew trees are inferior compared to some fruit trees, but several common fruit trees in Binh Phuoc province have not yet confirmed the economic and social sustainability in ralation to cashew trees during development history of the province. Fruit trees in the province and the region are under strict regulations of the international export market and are having to step on the stage of methodical investment to meet the international regulations like current cashew trees. Not only having to compete in the international market, many fruit trees in the province and region have to compete with similar foreign fruits imported into the country.

Up to the time of writing this article, the debate about which crops are more beneficial than cashew trees in the province has not yet been finalized, while governments of countries such as the US, the EU, Japan, and South Korea are supporting Cambodia in developing cashew growing regions and its cashew industry towards deep processing and more competitive in the international market. The Cambodian cashew industry is facing with difficulties too, but it has proven that its methodical approach at the high international competition is positive. International investors and traders found the Binh Phuoc Cashew Industry and its opportunity of highly processed and refined products. They also found the land of Bu Gia Map in regional linkages and the cashew tree at the huge opportunity of investment. Therefore, Bu Gia Map and its cashew industry once again help Binh Phuoc great in a new arena; together with Bu Dang, Bu Gia Map becomes the new center of cashew trees. Besides, many main fruits in the region have not proven their capacity for preliminary processing, preservation and commerce in order to maximize benefits for local farmers in both the short and long term, cashew nuts themselves can protect their own kernels for at least 6 months regardless of local processing, preservation and commercial capacity. This is the key point that international investors and traders realize that the best cashew trees can only be found in the land of Bu Gia Map and Bu Dang.

Binh Phuoc Department of Industry and Trade will continuously update domestic and foreign opportunities of investment as well as international trade in this rich agricultural land of Bu Gia Map district./.

Tác giả bài viết: Dr Minh Bui Quang

Nguồn tin: Dr Minh Bui Quang

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