Southeast: High cashew prices, farmers earn hundreds of millions of dong in profits

In late March, farmers in the Southeast provinces are entering the 2025 cashew harvest season. Cashew prices have increased compared to previous years, so farmers are very excited.

This harvest has abundant supply in the Southeast and Central Highlands regions, but raw cashew nuts remain stable at around VND35,000/kg, about VND10,000/kg higher than the same period last year. On average, farmers earn about VND70 million per hectare of cashew. Mr. Vo Van Cuong's family (in Binh Tan commune, Phu Rieng district, Binh Phuoc province) is harvesting 3.5 hectares of 5-year-old grafted cashew trees. In the 2024 crop, Mr. Cuong's family harvested nearly 8 tons of fresh seeds, earning a profit of more than 500 million VND. Mr. Cuong shared: "I am very happy that the purchase price of fresh cashew nuts at the beginning of the season this year is higher than every year. The high purchase price will help my family have more money to buy fertilizers and pesticides to take care of the garden to grow better."

The highest cashew purchasing price in recent years has brought good news to farmers in the Southeast provinces. This is the motivation for them to continue to stick with cashew trees, while looking for solutions to improve productivity and product quality. According to statistics, the entire Southeast region currently has more than 192,000 hectares of cashew, accounting for 61% of the country's cashew area. Commenting on the effectiveness of cashew trees in the current period, the leader of the Farmers' Association of Binh Phuoc province said that cashew trees are a tree that helps eliminate hunger and reduce poverty with many competitive advantages compared to other crops such as: low investment capital, suitable for arid lands, especially requiring almost no care... In the past 2-3 years, cashew nuts have been expensive, so some local farmers have destroyed old pepper gardens and returned to growing cashew trees. They grow grafted cashew varieties with very high yields, some gardens reaching 5-6 tons/hectare, bringing in good profits for farmers to stick with for a long time.

According to the Ministry of Agriculture and Environment, in 2024, Vietnam's cashew nut exports will reach 730,000 tons, worth more than 4.4 billion USD, up 13.3% in volume and more than 20% in value compared to 2023. In 2025, it is estimated that the country's cashew export turnover will also reach more than 4 billion USD.

News Department
Source: Vinacas