#Cashew sector

Local businesses have been advised to diversify their cashew products as part of efforts aimed at increasing exports to the EU and retaining its leading position in the demanding market moving forward, according to insiders.

Vietnam has been the world largest exporter of cashew nuts for the 13 consecutive years and also the world leading cashew processing hub and exporter over the last three years. Despite yielding impressive results, growers and businesses have brought in less than 40% profits in the global value chains.