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The Vietnam Cashew affiliation (Vinacas) has recently held a convention to overview the trade’s efficiency in the first seven months of 2019 and are searching for options to the complications facing it.
The cashew industry stories its efficiency this yr and discusses measures to overcome difficulties at a conference in HCM city
Pham Van Cong, chairman of Vinacas, said theindustry has been facing a lot of difficulties seeing that last yr.
This 12 months, it exported basically 245,000 tonnes, anincrease of percent yr-on-yr, but with world expenses down via anaverage of essentially 22 revenues have been down 14 at billion USD,he observed.
Truong Sy Ba, CEO of Tan long neighborhood, a largeagricultural business, observed domestic supply only meets 20 percent of theindustry’s uncooked cashew demand and the relaxation has to be imported.
closing month, Tan lengthy neighborhood bought 215,000 tonnesfrom three African international locations, together with 176,000 tonnes from Tanzania, and thisis anticipated to ease the difficulty a few scarcity of raw materials this yr, hesaid.
in keeping with Vinacas experts, uncooked cashew pricesand demand are anticipated to raise in the fourth quarter of this yr,primarily in the US.
Vinacas sought the Ministry of trade andIndustry’s help for agencies to acquire equipment, device, technologiesand amenities to enrich productiveness and confirm meals safety and nice.
It additionally entreated the ministry to proceed with itsCashew of Vietnam programme to deliver market advice and packaging design.
Vinacas wanted the Ministry of Agriculture andRural building to aid a programme to evaluate and enhance cashew-growingareas in neighbouring countries similar to Cambodia and Laos to take expertise oftheir land resources to create a sustainable supply of uncooked substances for theindustry.-VNA