The Dutch firm also proposed to cultivatethe plant on an area of 100 ha in a pilot project to establish a productionchain, and connect with cooperatives in the province.
Binh Phuoc authorities have encouraged thecompany to join hands with local farmers and cooperatives, which will createoptimal conditions for the establishment of a site producing clean cashewmaterial.
The province is home to more than 71,600households growing cashews on nearly 174,020 ha, accounting for 30 percent oftotal agricultural land.
The trees are being grown mainly in farmsacross the four districts of Bu Dang, Phu Rieng, Bu Gia Map and Dong Phu,yielding about 200,000 tonnes of nuts per year.
There are about 200 cashew companies and400 cashew processing facilities in Binh Phuoc, with an annual combinedcapacity of 500,000 tonnes.
Representative of the MCE-MARD Group saidit has worked with a Vietnamese partner in producing cashew nut shell oil (CNSO)in Binh Phuoc. The company also plans the construction of a CNSO factory in thenear future.
In 2018, Vietnam’s cashew export revenuehit 3.52 billion USD. Major importers include the US, the Netherlands and China.
According to the Vietnam Cashew Association(Vinacas), in 2019, Vietnam plans to ship abroad 350,000 tonnes of cashew nutsfor about 4 billion USD, a lower volume but higher value than the yearprevious. –VNA