Because the price of cashew dropped drastically, farmers in the southern province of Tay Ninh chopped down the tree over 1,000 hectare in the first half of the year.
According to the plan of the province’s agriculture and rural development sector, the area for growing cashew will be 85,000 hectares by 2020. Before, when the price of cashew was high, farmers planted the tree massively over 100,000 hectare.
Yet, the price of cashew after that suddenly went down, farmers had cut down the tree since 2014 to grow other trees. Farmers had chopped down over 1,000 hectares of cashew to grow cassavas and sugar canes. The province’s Department of Agriculture and Rural Development encouraged farmers to plant fresh veggies, and fruits such as grapefruit and custard-apple.