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A farmer harvests cashew nuts in the southern province of Bình Phước. raw cashew prices and demand are anticipated to increase in the fourth quarter of this year. — VNA/VNS photo Dương Chí Tưởng
HCM metropolis — The Việt Nam Cashew association (Vinacas) held a conference to evaluation the trade’s efficiency in the first seven months and establish options to the issues plaguing it.
Phạm Văn Công, chairman of Vinacas, said the business has been facing loads of difficulties because ultimate 12 months.
This year, it exported essentially 245,000 tonnes, an increase of per cent year-on-year, however with international prices down with the aid of a standard of virtually 22 per cent, revenues were down 14 per cent at US$ billion, he said.
Trương Sỹ Bá, CEO of Tân lengthy community, a large agricultural enterprise, stated domestic deliver handiest meets 20 per cent of the industry’s uncooked cashew demand and the relaxation needs to be imported.
final month, his enterprise bought 215,000 tonnes from three African international locations, together with 176,000 tonnes from Tanzania, and here is expected to ease the problem a couple of scarcity of raw substances this year, he observed.
according to Vinacas experts, raw cashew fees and demand are anticipated to increase in the fourth quarter of this yr, especially in the US.
Vinacas sought the Ministry of change and business’s aid for corporations to acquire machinery, machine, technologies and amenities to enhance productiveness and ensure food safeguard and great.
It additionally advised the ministry to continue with its Cashew of Việt Nam programme to supply market suggestions and packaging design.
It desired the Ministry of Agriculture and Rural building to guide a programme to evaluate and increase cashew-growing areas in neighbouring countries reminiscent of Cambodia and Laos to take capabilities of their land resources to create a sustainable source of uncooked materials for the trade. — VNS