For the first four months of this year, the average export price of Vietnamese cashew nuts reached US$6,817 per tonne, up 27.1 per cent over the same period last year.
Gaining a firm foothold in the domestic market of more than 100 million people is critically important to businesses as the domestic market, which, if properly leveraged, could help offset the decline in export orders.
Traders attribute the price increase and the sustained high levels over recent months to China’s shortage of domestic areca nut supply, leading to an uptick in imports from Việt Nam.
Protecting the Bình Phước Cashew brand, which has been protected in terms of the specific growing area, also contributes to the sustainable development of the nut processing and business industry in the province.
Cambodia exported 667,000 tonnes of raw cashew nuts to Việt Nam in the first five months of this year, an increase of 37 per cent over the same period last year.
“Salted roasted cashew nuts”, “Plain cashew nuts” and “White cashew nuts” have become the first to be recognised as 5-star OCOP (one commune one product) products at the national level of the southern province of Binh Phuoc – the country’s...
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.
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 wants the Ministry of Agriculture and Rural Development to draft national technical regulations for raw cashew nuts so that processors can ensure the quality of imported raw material.
In the first six months of this year, cashew nut exports reached 195,700 tonnes, worth about $1.5 billion, up 12.2 per cent in volume, but down 12.1 per cent in value year on year.
The Lam Dong-based Viet Green Maca Company reported that it shipped about 10 tonnes of macadamia nuts to the Republic of Korea (RoK) and Singapore in March.
The domestic cashew industry would continue to face difficulties processing and trading cashew nuts next year, according to the Viet Nam Cashew Association (Vinacas).