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 domestic cashew industry would continue to face difficulties processing and trading cashew nuts next year, according to the Viet Nam Cashew Association (Vinacas).
Viet Nam’s industry-real estate-finance conglomerate T&T Group and the Ivory Coast’s Cotton and Cashew Council (CCA) last week signed a strategic co-operation agreement to import raw cashew nuts.
Viet Nam will need to import more than 300,000 tonnes of raw cashew nuts in the remaining months of the year for processing to meet the demand of exporters, according to processing companies.
Viet Nam exported 141,000 tonnes of cashew nuts for a value of U$$1.39 billion in the first five months, up 21.4 per cent and 25.3 per cent year-on-year, respectively, according toVCA.
After focusing on exporting large volumes of unprocessed goods for a long time, more and more Vietnamese companies are now turning to export of processed and value-added products and improving their quality to penetrate global markets.
The Central Highlands provinces achieved the record-high export turnover of more than US$2.66 billion in 2017, reaching nearly 102 per cent of the year’s plan and increasing 22.71 per cent year on year.