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  • Export of cashew 5 months exceeded $ 1 billion

    May 25th, 2016

    According to Nguyen Duc Thanh, Chairman of the Vietnam Cashew Association, in the first 5 months of 2016 this sector has exported over 118,000 tons of cashew nuts, a turnover of about $ 1.1 billion, surpassing the export volume and value than planned. The US market is the largest importer. Vietnam Cashew Association, said the ability to process and export 350,000 tons of cashew nuts this year is feasible and may be worth $ 2.5 billion.

    Two issues of the industry in today's topsy-turvy situation, competition for export to countries in Africa, particularly Ivory Coast. The second issue is to ensure food safety and hygiene as semi-processed articles. Currently the purchase price of raw cashew at very high levels - over 30,000 VND / kg, due to prolonged drought conditions in the country that covers an area as large as Brazil ... However, due to the low productivity of farmers' income domestic unexpected. According to the Vietnam Cashew Association, production of crude Vietnam fell 20% over the same period last year.

    Source: Sai Gon Giai Phong Newspaper