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  • Credit will support the cashew growers

    Nov 14th, 2016

    To get things planted 200,000 hectares towards sustainability, supply of raw materials for processing enterprises that export, according to the People's Committee of Binh Phuoc province, need to have a credit support program for cashew growers, similar as lending program with preferential interest rates to replanting trees in the Central Highlands coffee.Before the offer, dispatch 9316 / TB-BNN-VP of the Ministry of Agriculture and Rural Development (MARD) signed on 3-11 also agreed with the recommendations of Binh Phuoc on the need for a credit package cashew, similar to a credit program for the Central Highlands coffee growers are being borrowed to carry out replanting old coffee gardens today.

    Credit package will help Binh Phuoc - provinces with the largest growing area of the country, can implement projects for sustainable development of the cashew sector by 2020 in the province with 200,000 hectares scale.According to the Vietnam Cashew Association, in the past few years, Vietnam has exported that growth compared to other agricultural commodities such as rice. However, supplies of raw materials in the country can only meet about 30% of what's export processing enterprises, remaining dependent on imported raw cashew from Cambodia, Africa.

    According to MARD, in the first 10 months of 2016, of which Vietnam's exports 291 000 tons estimated to reach, with US $ 2.33 billion, up 5.8% in volume and 16.6% in value compared to the same period in 2015. Prices the average export cashews first 9 months of 2016 reached US $ 7928 / ton, up more than 9% over the same period in 2015. the US, the Netherlands and China remains the market 3 biggest importer of Vietnam thing.

    In the opposite direction, crude imports surged Enterprise. Specifically, in the last 10 months, Vietnam has spent 1.4 billion US dollars to import 913,000 tons of things, an increase of 17% in volume and 39% in value over the same period in 2015.From import and export data shows, our country's cashew industry is increasingly dependent on imported raw materials. One of the reasons is a source of domestic production is not stable. Therefore, having a scheme that sustainable development is essential to Vietnam's export sector continues to grow and hold the # 1 spot on the export of cashew in the world.

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    Source: The Saigon Times