A senior executive from one of the world’s largest multinational companies has shared its intent to invest in Cambodia’s cashew processing industry.
Gaurav Patil, senior vice-president and country head of Olam Food Ingredients (OFI) Vietnam, met with Minister of Commerce Cham Nimul on March 17, in Phnom Penh.
Patil shared that after recognising Cambodia’s strong potential, his company intends to further expand its investment in the Kingdom.
Olam Food Ingredients (OFI) Vietnam is a subsidiary of Olam Group, a large multinational company headquartered in Singapore and operating in more than 60 countries. The Group is a leading player in the food and agri-business sector, supplying customers worldwide.
Patil explained that in 2017, Olam Group has established Olam Outspan (Cambodia) in the Kingdom, to promote and expand investment in processing Cambodia cashew nuts and other agricultural products, including mango, durian and pineapple.
“recognizing Cambodia’s strong potential, along with its stable economic and political environment, OFI intends to expand its investment in the Kingdom of Cambodia, particularly in cashew processing,” he said.
“The company also seeks to strengthening cooperation with the commerce ministry to explore the possibility of establishing favourable mechanisms to further promote the processing of Cambodia’s potential products in a more diversified manner in the future,” he added.
The minister welcomed the company’s interest in expanding its investment in Cambodia, and agreed to continued close cooperation to develop the cashew processing sector, along with other agricultural products.
According to the Cambodia Cashew Association (CCA), in 2025 Cambodia produced 1,020,757 tonnes of raw cashew nuts. Of this, 1,000,757 tonnes were exported to Vietnam, generating approximately $1.5 billion, a 27% increase over 2024.
As of early 2025, Cambodia had 52 cashew processing enterprises, including 6 medium-scale factories (with production capacity ranging from 7,000 to 14,000 tonnes per year). The remaining 48 enterprises are small, family-based operations that do not operate year-round, according to CAC president Silot Uon.
