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A farmer harvests cashew nuts in the southern province of Bình Phước. raw cashew costs and demand are expected to increase within the fourth quarter of this 12 months. — VNA/VNS image Dương Chí Tưởng
HCM metropolis — The Việt Nam Cashew association (Vinacas) held a conference to overview the trade’s efficiency in the first seven months and identify options to the complications plaguing it.
Phạm Văn Công, chairman of Vinacas, spoke of the industry has been facing loads of difficulties for the reason that remaining year.
This yr, it exported well-nigh 245,000 tonnes, a rise of per cent 12 months-on-year, but with world fees down via an ordinary of virtually 22 per cent, revenues have been down 14 per cent at US$ billion, he said.
Trương Sỹ Bá, CEO of Tân lengthy group, a large agricultural business, stated domestic give most effective meets 20 per cent of the industry’s uncooked cashew demand and the leisure has to be imported.
closing month, his company bought 215,000 tonnes from three African countries, including 176,000 tonnes from Tanzania, and here is anticipated to ease the challenge about a shortage of uncooked materials this yr, he noted.
based on Vinacas specialists, uncooked cashew expenses and demand are expected to boost within the fourth quarter of this 12 months, principally in the US.
Vinacas sought the Ministry of change and industry’s help for businesses to acquire equipment, device, technologies and amenities to enhance productiveness and confirm meals safety and excellent.
It also advised the ministry to continue with its Cashew of Việt Nam programme to provide market counsel and packaging design.
It desired the Ministry of Agriculture and Rural building to support a programme to assessment and boost cashew-transforming into areas in neighbouring nations equivalent to Cambodia and Laos to take capabilities of their land resources to create a sustainable source of raw substances for the business. — VNS