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  • Processing establishments which developed in the Chinese border province

    Sep 15th, 2016

    Vietnam Cashew Association information: Currently, a number of processing units that have appeared along the Chinese border adjoining the northern provinces of our country. Besides purchasing personnel from the facility in Binh Phuoc in processing, these facilities also invested machinery from Vietnam to manufacture (processing, cut chopped, peeled silk, packaging) in place and sold in the Chinese market, the number of processing tends to increase.

    We are the peak of demand serves Chinese Mid-Autumn Festival to export to China's smoking what selling prices increased slightly, particularly in some of the lower-level item code. Due to China's price increases, businesses are focusing Vietnam made ​​goods to this market. Besides, dealing with European markets, North America, Middle East continued to be stable, prices rose slightly. In May 7-2016, the purchase price of cashew nuts in Binh Phuoc dry after hitting the "peak" of 44 thousand / kg (days 11 and 13-7), the highest in recent years, the price has dropped slightly to 43.5 thousand / kg. However, this is still the price "pleasant" as of this moment, because of the domestic cashew less inventory due to crop failure and the import price of crude output at a high level so that in some countries export reduced crude, now Vietnam and now China, India, Ivory Coast fierce competition material.

    Prices average export cashews first 6 months 2016 reached $ 7,694 / ton, up 6.6% compared to the same period in 2015. The United States, the Netherlands and China remains the third largest import market of Vietnam thing Male. In the first 6 months of 2016, the market value increased exports of cashew nuts is the Netherlands (28.8%), China (23.4%), the UK (27.6%), Germany (17, 7%), Israel (37.8%) and Italy (25.2%).

    Source: Binh Phuoc