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A farmer harvests cashew nuts within the southern province of Bình Phước. raw cashew prices and demand are expected to raise within the fourth quarter of this year. — VNA/VNS picture Dương Chí Tưởng
HCM city — The Việt Nam Cashew association (Vinacas) held a convention 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, noted the industry has been dealing with lots of difficulties due to the fact that last year.
This 12 months, it exported essentially 245,000 tonnes, an increase of per cent year-on-yr, but with international expenses down with the aid of a typical of almost 22 per cent, revenues were down 14 per cent at US$ billion, he pointed out.
Trương Sỹ Bá, CEO of Tân long group, a big agricultural commercial enterprise, spoke of home provide only meets 20 per cent of the business’s uncooked cashew demand and the leisure needs to be imported.
last month, his enterprise bought 215,000 tonnes from three African nations, together with 176,000 tonnes from Tanzania, and this is expected to ease the problem a couple of shortage of raw substances this yr, he referred to.
according to Vinacas consultants, uncooked cashew prices and demand are expected to enhance within the fourth quarter of this 12 months, in particular within the US.
Vinacas sought the Ministry of change and trade’s guide for businesses to acquire machinery, device, applied sciences and facilities to enrich productiveness and ensure meals protection and pleasant.
It additionally advised the ministry to proceed with its Cashew of Việt Nam programme to provide market suggestions and packaging design.
It wanted the Ministry of Agriculture and Rural construction to guide a programme to overview and develop cashew-turning out to be areas in neighbouring nations equivalent to Cambodia and Laos to take capabilities of their land substances to create a sustainable source of raw materials for the industry. — VNS