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The Vietnam Cashew affiliation (Vinacas) has recently held a conference to review the business’s efficiency in the first seven months of 2019 and are seeking for solutions to the problems dealing with it.
The cashew industry reports its performance this yr and discusses measures to overcome difficulties at a convention in HCM metropolis
Pham Van Cong, chairman of Vinacas, talked about theindustry has been facing loads of difficulties when you consider that remaining year.
This 12 months, it exported essentially 245,000 tonnes, anincrease of % year-on-12 months, but with global costs down with the aid of anaverage of very nearly 22 %, revenues had been down 14 percent at billion USD,he referred to.
Truong Sy Ba, CEO of Tan lengthy community, a largeagricultural enterprise, said home provide best meets 20 percent of theindustry’s uncooked cashew demand and the leisure needs to be imported.
closing month, Tan long neighborhood purchased 215,000 tonnesfrom three African international locations, including 176,000 tonnes from Tanzania, and thisis expected to ease the challenge about a scarcity of uncooked materials this year, hesaid.
according to Vinacas experts, raw cashew pricesand demand are anticipated to enhance within the fourth quarter of this year,principally in the US.
Vinacas sought the Ministry of change andIndustry’s guide for corporations to acquire equipment, equipment, technologiesand amenities to enhance productiveness and ensure meals defense and first-class.
It also advised the ministry to continue with itsCashew of Vietnam programme to deliver market information and packaging design.
Vinacas desired the Ministry of Agriculture andRural building to support a programme to evaluate and boost cashew-growingareas in neighbouring international locations similar to Cambodia and Laos to take abilities oftheir land components to create a sustainable supply of raw substances for theindustry.-VNA