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The Vietnam Cashew association (Vinacas) has lately held a conference to overview the trade’s efficiency in the first seven months of 2019 and are seeking options to the problems facing it.
The cashew trade experiences its efficiency this 12 months and discusses measures to conquer difficulties at a convention in HCM metropolis
Pham Van Cong, chairman of Vinacas, noted theindustry has been dealing with loads of difficulties on the grounds that remaining yr.
This 12 months, it exported essentially 245,000 tonnes, anincrease of percent 12 months-on-year, but with world prices down by way of anaverage of very nearly 22 revenues have been down 14 at billion USD,he noted.
Truong Sy Ba, CEO of Tan lengthy neighborhood, a largeagricultural commercial enterprise, stated home provide simplest meets 20 of theindustry’s raw cashew demand and the rest needs to be imported.
ultimate month, Tan lengthy group bought 215,000 tonnesfrom three African countries, including 176,000 tonnes from Tanzania, and thisis expected to ease the challenge a couple of scarcity of uncooked materials this yr, hesaid.
in response to Vinacas experts, raw cashew pricesand demand are expected to boost within the fourth quarter of this yr,chiefly in the US.
Vinacas sought the Ministry of change andIndustry’s support for businesses to purchase equipment, gadget, technologiesand amenities to enrich productivity and make sure food protection and satisfactory.
It additionally entreated the ministry to proceed with itsCashew of Vietnam programme to give market information and packaging design.
Vinacas desired the Ministry of Agriculture andRural development to assist a programme to evaluate and enhance cashew-growingareas in neighbouring countries corresponding to Cambodia and Laos to take skills oftheir land materials to create a sustainable source of uncooked substances for theindustry.-VNA