The 13th VINACAS Golden Cashew Rendezvous to be held from February 26 to 28 in Quảng Bình Province’s Đồng Hới City will seek to redefine the global supply chain after Covid and this year’s economic downturn, according to the Việt...
More than 350 delegates from 40 countries and territories took part in the 12th Vinacas Golden Cashew Rendezvous in HCM City to discuss measures and initiatives to help the global cashew industry develop sustainably.
Last year was a challenging one for the cashew industry, with exports falling from the previous year, but 2023 might be even worse, according to the Viet Nam Cashew Association (VINACAS).
Vietnamese exporters may have lost as many as 36 containers of cashew nuts in Italy thanks to a scam, the Viet Nam Cashew Association (Vinacas) said at a press conference late Wednesday night.
Despite the difficulties posed by the Covid-19 pandemic, Viet Nam’s cashew exports in the first half of the year increased by 16 per cent in volume year-on-year and 1 per cent in value to 232,000 tonnes and nearly US$1.53 billion.
The Viet Nam Cashew Association (Vinacas) recommends cashew processing enterprises to be calm and not to sell-off their products to avoid potential losses.
Pham Van Cong, Chairman of the Viet Nam Cashew Association (Vinacas), has said the cashew industry will struggle to achieve its export target of US$4 billion this year due to the novel coronavirus (COVID-19) pandemic.
Viet Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.
The Viet Nam Cashew Association held a conference to review the industry’s performance in the first seven months and identify solutions to the problems plaguing it.
Viet Nam’s cashew sector targets exports of 350,000 tonnes this year, 10 per cent lower than last year, according to the Viet Nam Cashew Association (Vinacas).