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A farmer harvests cashew nuts within the southern province of Bình Phước. uncooked cashew prices and demand are expected to enhance in the fourth quarter of this 12 months. — VNA/VNS photo Dương Chí Tưởng
HCM city — The Việt Nam Cashew affiliation (Vinacas) held a convention to assessment the industry’s performance within the first seven months and establish solutions to the complications plaguing it.
Phạm Văn Công, chairman of Vinacas, pointed out the industry has been dealing with lots of difficulties due to the fact remaining yr.
This year, it exported virtually 245,000 tonnes, a rise of per cent yr-on-12 months, but with global expenses down by means of an ordinary of nearly 22 per cent, revenues had been down 14 per cent at US$ billion, he mentioned.
Trương Sỹ Bá, CEO of Tân long group, a big agricultural business, mentioned domestic give only meets 20 per cent of the trade’s raw cashew demand and the leisure needs to be imported.
remaining month, his business purchased 215,000 tonnes from three African countries, together with 176,000 tonnes from Tanzania, and this is expected to ease the concern a few scarcity of uncooked substances this 12 months, he pointed out.
in keeping with Vinacas specialists, raw cashew prices and demand are anticipated to raise within the fourth quarter of this 12 months, certainly in the US.
Vinacas sought the Ministry of trade and trade’s guide for organizations to purchase machinery, gadget, applied sciences and facilities to improve productivity and ensure meals safeguard and excellent.
It also entreated the ministry to proceed with its Cashew of Việt Nam programme to supply market assistance and packaging design.
It wanted the Ministry of Agriculture and Rural building to assist a programme to overview and increase cashew-turning out to be areas in neighbouring countries similar to Cambodia and Laos to take advantage of their land materials to create a sustainable supply of uncooked substances for the industry. — VNS