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The Vietnam Cashew affiliation (Vinacas) has these days held a conference to review the trade’s efficiency within the first seven months of 2019 and are trying to find options to the problems facing it.

The cashew trade experiences its performance this yr and discusses measures to overcome difficulties at a conference in HCM metropolis 

Pham Van Cong, chairman of Vinacas, said theindustry has been dealing with lots of difficulties due to the fact ultimate yr.

This year, it exported nearly 245,000 tonnes, anincrease of % year-on-yr, however with world expenditures down by anaverage of virtually 22 %, revenues were down 14 % at billion USD,he spoke of.

Truong Sy Ba, CEO of Tan long neighborhood, a largeagricultural commercial enterprise, said home supply most effective meets 20 of theindustry’s uncooked cashew demand and the leisure must be imported.

final month, Tan lengthy neighborhood bought 215,000 tonnesfrom three African countries, including 176,000 tonnes from Tanzania, and thisis anticipated to ease the situation a few scarcity of raw materials this yr, hesaid.

in accordance with Vinacas specialists, uncooked cashew pricesand demand are expected to enhance in the fourth quarter of this year,notably within the US.

Vinacas sought the Ministry of change andIndustry’s guide for companies to acquire equipment, machine, technologiesand amenities to improve productivity and ensure food defense and pleasant.

It also advised the ministry to proceed with itsCashew of Vietnam programme to provide market suggestions and packaging design.

Vinacas desired the Ministry of Agriculture andRural building to help a programme to review and boost cashew-growingareas in neighbouring countries akin to Cambodia and Laos to take potential oftheir land components to create a sustainable source of uncooked materials for theindustry.-VNA

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