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  • Exports of 6 months increased by 10%

    Jul 18th, 2016

    According to statistics of the Vietnam Cashew Association (Vinacas), exports which increased by 10% in the first 6 months of 2016 and is expected to continue to rise sharply.Specifically, the first 6 months of 2016, the country exported 161.2 thousand tons of people of all kinds with exports of $ 1.23 billion, an increase of approximately 10% in volume and 17.5% in value compared with first 6 months of 2015 the average export price rose more that 2% to $ 3.69 per pound.

    Last week, India and the Middle East, the Muslim world has ended the month of Ramadan. As reported by Vinacas in India, individual consumption 6/2016 increased significantly compared to the previous month.Currently Indian traders continue preparing for the next round of selling service Hindu festival. Due to lack of raw materials this year India will be able to enhance it's imported from Vietnam. However you still run into barriers of import duty from Vietnam individual too high, above 40%.

    To assist you, in the preliminary report of the Ministry of Industry and Trade Vietnam first 6 months of 2016 dated 07.12.2016, the Ministry of Industry and Trade together with Vinacas affirmed: "There will continue to handle the technical barriers that a some countries apply for Vietnam goods (such as India's high import taxes from 25% to that of 40%, and given the minimum price for tax purposes) ".

    On the international market, in the past week to buy individual needs of guests America, Europe, the UK continued to be stable despite the difficult post "Proposed referendum on United Kingdom membership of the European Union" in Europe. Gathered this time to buy to give the supermarket, fried roasted, packaged great opportunity to serve the upcoming Christmas and New Year.

    In Vietnam, the needs of Chinese customers is increasing strongly due to customers for sales campaign focusing serving Mid-Autumn Festival and the upcoming important fairs.Vinacas representative said that prices are rising at an individual code number and the expected output and export value will also increase individual in the last 6 months of 2016. Regarding distribution, the customer generally set central purchasing in large factories, reputation in delivery, assure food safety possible.

    Source: Journalist & Public Comment