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  • In 2015, exports of cashew nuts reached $ 2.5 billion

    Oct 5th, 2015

    That is confirmed by Nguyen Duc Thanh, chairman of the Vietnam Cashew Association (Vinacas). Pursuant to Mr. Thanh given above is confirmed in 9 months, exports of agricultural products - seafood staple of Vietnam remains very sluggish, export value reached only 10.29 billion, down 7 , 2% over the same period of 2014. The strongest decline to 32.2%, coffee, rubber and rice 13.7% was 17.7%. Meanwhile, exports of which increased sharply in both quantity and value.

    According to information from the Ministry of Agriculture and Rural Development, the volume of the country's cashew exports in September reached 30 thousand tons, worth 218 million dollars, making it the export volume in May 9, 2015 to 245 thousand ton, the total value reached $ 1.78 billion, up 78% in volume and 20.6% respectively over the same period of 2014. VINACAS tentative 2015, Vietnam will export about 320 thousand tons of grain which, at about $ 2.5 billion.

    Because from now until the end of the year is the time when demand for cashew nuts increased in all markets around the world. Therefore, the export value reached foregoing is in ability. The export market of Vietnam main thing in recent years is still the United States, the Netherlands, China accounted for 61.17%. The market value growth is Germany, Thailand, United States, Netherlands. The average price of cashews Vietnam exports in 8 months of this year was $ 7,271 / ton, up 12.48% over the same period in 2014.

    Currently, the purchase price of dried cashew dealers in the province stands at 36-37500 / kg. Although export prices high but the processing facilities in Binh Phuoc has shut down due to lack of raw materials and the price of crude imported from Africa increased. Also according to the Ministry of Agriculture and Rural Development, now that domestic production meets only 40% of Vietnam to import up to 60% of crude from Africa, Indonesia for processing. So, if there is no sustainable development policy, the Vietnam Cashew nation will become specialized in raw cashew for processing. This would make the processing industry in Vietnam is entirely dependent on foreign raw materials. Thus also mean, how much they sell to buy, if not bankruptcy.

    Source: Binh Phuoc OL