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A farmer harvests cashew nuts in the southern province of Bình Phước. uncooked cashew prices and demand are anticipated to increase in the fourth quarter of this 12 months. — VNA/VNS photograph Dương Chí Tưởng
HCM metropolis — The Việt Nam Cashew affiliation (Vinacas) held a convention to review the business’s performance within the first seven months and establish solutions to the complications plaguing it.
Phạm Văn Công, chairman of Vinacas, referred to the industry has been dealing with lots of difficulties considering ultimate year.
This year, it exported nearly 245,000 tonnes, a rise of per cent year-on-12 months, however with global prices down with the aid of a regular of pretty much 22 per cent, revenues have been down 14 per cent at US$ billion, he talked about.
Trương Sỹ Bá, CEO of Tân lengthy neighborhood, a big agricultural commercial enterprise, referred to home provide best meets 20 per cent of the business’s raw cashew demand and the leisure must be imported.
last 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 uncooked substances this year, he spoke of.
in keeping with Vinacas experts, uncooked cashew expenditures and demand are anticipated to boost in the fourth quarter of this year, certainly in the US.
Vinacas sought the Ministry of exchange and business’s guide for organizations to acquire equipment, device, technologies and amenities to enrich productiveness and ensure food safeguard and exceptional.
It additionally entreated the ministry to continue with its Cashew of Việt Nam programme to provide market advice and packaging design.
It wanted the Ministry of Agriculture and Rural building to assist a programme to overview and boost cashew-growing areas in neighbouring nations reminiscent of Cambodia and Laos to take competencies of their land components to create a sustainable source of uncooked substances for the business. — VNS