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  • Export of cashew months increased nearly 16% over the same period turnover

    Mar 11th, 2016

    In the first months of 2016, the country had exported 24 835 tons of people of all kinds, with exports 186.67 million (down 10.3% in volume turnover decreased by 9.5% compared to December / compared to December 2015 but still 11.3% 1/2015 in volume and 15.9% in value).

    Vietnam cashew nuts exported to many of the world market, which has 3 markets was over 10 million USD in the first months of the year, namely 53.78 million US dollars, accounting for 28.81% of the total export value of the country's cashew nuts; up 20.12% month 1/2015; China 42.99 million, accounting for 23.03%, up 10.11%; Netherlands 21.89 million, accounting for 11.73%, an increase of 51.64%.

    In general, in May 1/2016 cashew exports to the majority of the market growth in turnover over the month 1/2015; including strong export growth in some markets, such as Israel (+ 203.45%), India (+ 170.25%), Spain (+ 85.38%), Philippines (+86.17 %). In contrast, exports fell sharply in markets such as Australia, Singapore and Greece respectively dropping 44.37%, 48.12% and 37.06% over the same period.

    In the domestic market, now is the harvest time of Vietnam, and businesses are purchasing domestic crude prices increased 30% first service from the same period last year. Dong Nai this year - one of the things the province has an area of the country, for which harvest lasts and scattered over the previous year, the price for purchasing fresh beginning approximately 33500-34000 / kg and for what dry preliminarily processed approximately 38500-39000 / kg. Expected to be completed by the end of the month a new 5/2016. However, companies also stated, in the season (late March, early April), fresh purchase price is expected to be around 28,000 VND / kg.

    According to Nguyen Duc Thanh - Chairman of the Vietnam Cashew Association (Vinacas), with first rate service, will be very difficult for the production and processing enterprises, while the world price of a downward trend. Therefore, as reflected by a number of exporters that, pending a general sentiment that the price down to about 30,000 VND / kg of fresh buying.

    The major producing countries such as Ivory Coast thing, Nigeria, due to the weather, the harvest season will last well, affecting the quality of production and not increase over the previous year.

    According to the alert from the broker in the export of things, in the context of changing prices that are more current, while imports contracted raw cashew from African enterprises, enterprises Vietnam must be careful because in many cases they have signed but not delivery or delayed delivery time, affecting production plans of enterprises.

    Cashew Association said that this year will be a difficult year for exporters that by that world prices tend to fall, while domestic prices remained high, along with the more demanding product quality standards of the importing country. To overcome these difficulties, in the long term, domestic enterprises need to improve production capacity, technological innovation, which aims to processing, to bring higher value added, rather than primarily is semi-processed and then exported as today.

    However, consumers generally cashews in the world still tends to increase, especially in the US and the Middle East due to strong dollar advantage and demand for health nuts one more day; Other markets such as China, Australia .. also quite stable. In particular, all 12 countries participating in the TPP are traditional customers buy and use individual VN, which has the largest trading partner is the US, which is also very favorable for this sector when TPP was passed.

    There are many foreign companies from Japan, Korea, Netherlands, Thailand is conducting a survey in VN to build deep-processing plant cashews, targeting the 90 million people in our country and towards exports . Therefore, enterprises must continue to focus VN investment processing, exploiting the domestic market in order to create sustainable added value, avoid losing market share.

    Preliminary statistics on the export of cashew GDC month 1/2016

    Unit: USD

    Market          T1 / 2016           T1 / 2015+/-         (%)T1 / 2016 compared with T1 / 2015
    Total turnover 186 667 417             161 048 464                    +15.91
    USA              53,775,319              44,768,029                      +20.12
    China            42,986,627              39,041,066                       +10.11
    Netherlands   21,887,248              14,433,851                       +51.64
    Canada         7414622                  8651371                          -14.30
    Virtue            6807893                  4319729                          +57.60
    Australia        4738154                  8516667                           -44.37
    Thailand         4699683                 4522295                           +3.92
    Brother          4609697                 4320062                            +6.70
    India              3243650                 1200220                           +170.25
    Fall                3199864                 1970704                           +62.37
    United Arab 
    Emirates       2947026                 1768304                            +66.66
    Israel            2323890                 765 832                            +203.45
    Hong Kong    2271026                 3026347                            -24.96
    Japan           1640124                 2259320                            -27.41
    Italia             1496987                 1632178                            -8.28
    France          1414715                 1405595                           +0.65
    New Zealand  1293938                 1553770                          -16.72
    Pakistan       1275291                  813 120                           +56.84
    Taiwan          1232439                 1963228                          -37.22
    Spain            869 913                  469 260                          +85.38
    Philippines     840 207                 451 308                          +86.17
    Singapore      727 147                 1401536                           -48.12
    South Africa   723 135                 558 620                          +29.45
    Belgium         612 255                 403 200                           +51.85
    Norway          487 550                 330 348                          +47.59
    Ukrainian       116 400                 117 250                            -0.72
    Greek            114 625                 182 120                          -37.06



    Source: Vinanet