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A farmer harvests cashew nuts within the southern province of Bình Phước. raw cashew fees and demand are anticipated to enhance within the fourth quarter of this year. — VNA/VNS picture Dương Chí Tưởng
HCM city — The Việt Nam Cashew affiliation (Vinacas) held a conference to review the business’s efficiency in the first seven months and determine options to the issues plaguing it.
Phạm Văn Công, chairman of Vinacas, talked about the trade has been facing a lot of difficulties considering closing year.
This yr, it exported virtually 245,000 tonnes, an increase of per cent 12 months-on-year, however with world expenditures down with the aid of an average of very nearly 22 per cent, revenues had been down 14 per cent at US$ billion, he pointed out.
Trương Sỹ Bá, CEO of Tân long neighborhood, a large agricultural enterprise, stated domestic provide handiest meets 20 per cent of the trade’s uncooked cashew demand and the leisure needs to be imported.
ultimate month, his company bought 215,000 tonnes from three African international locations, including 176,000 tonnes from Tanzania, and here's expected to ease the situation a couple of scarcity of raw substances this year, he noted.
in accordance with Vinacas consultants, raw cashew expenses and demand are anticipated to increase within the fourth quarter of this yr, chiefly in the US.
Vinacas sought the Ministry of alternate and industry’s assist for companies to purchase equipment, gadget, applied sciences and facilities to enrich productiveness and ensure meals defense and quality.
It additionally entreated the ministry to continue with its Cashew of Việt Nam programme to provide market tips and packaging design.
It wanted the Ministry of Agriculture and Rural development to support a programme to assessment and improve cashew-transforming into areas in neighbouring countries corresponding to Cambodia and Laos to take advantage of their land resources to create a sustainable source of raw substances for the industry. — VNS