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  • Raw cashew imports increased

    Aug 24th, 2017

    The domestic crop failure has led to an increase in the amount of raw cashew nuts imported over the past several months, now imports of raw cashew nuts have increased by nearly 54% in volume and up to 98.2% in value over the same period in 2016. According to the forecast in the last months of the year, the price of raw cashew imports will continue to increase.Specifically, according to the General Department of Customs, as of August 15, the country has imported 994,364 tons of raw cashew nut with a total value of $ 1.923 billion. Thus, compared with the same period of 2016, imports of raw raw materials increased nearly 54%, while the value increased to 98.2%.

    In fact, the average import price of raw material in the past months also increased sharply to $ 1,934 / tonne, compared to $ 1,500 / tonne at the same time last year. Cause is due to the loss of Vietnam and Cambodia, so global raw cashew tends to increase, causing the price of NK increasingly high. Dang Hoang Giang, vice chairman and general secretary of the Vietnam Cashew Association (Vinacas), said that the import of raw cashew nut is not too high. Due to the strong increase in input materials, it has been forecasted since the beginning of the year, which is due to the fact that the raw material areas are important both in the country and in the world, such as the lost areas.

    Specifically, in the early months of this year, cashew growing areas in the country, experienced farmers, yield estimates are only 50% compared to the crop year 2016. Notably, there are even cashew orchards. There is no harvest. Total annual output of raw cashew is expected to reach over 252,000 tons, down nearly 52,000 tons compared to 2016. This led to the psychological enterprises increased input materials to reserve for production plans for the whole year. On the other hand, there are also Chinese enterprises set up processing base in Vietnam is also the reason that input materials of this year increased sharply, followed by the purchase price increased higher than the same period last year.

    Mr. Dang Hoang Giang also predicted that in the last months of the year, the import of raw cashew will not be as high as the last time because the basic harvest of raw materials in the country and important areas The world is over. "According to my estimation, the import volume of this year is about 1.3 million tons, an increase of 200 thousand tons compared to 2016," said Dang Hoang Giang. Prior to that, in 2016, the amount of cashew nuts processed into 1.50 million tons, of which importing 1.025.000 tons, buying 475,000 tons in the country, accounting for only 31.67% of production materials of the whole year.

    According to the vice chairman and general secretary of the Vietnam Cashew Association, the production and business situation of this sector in general has faced many difficulties. In addition to the increase in output and price of imported raw materials mentioned above, the export volume in the past months has not nearly increased compared to the same period of 2016. The remarkable point that Vinacas's leaders have been assessing over the past time is that the total value of exports has increased, leading to higher average export prices than last year. Specifically, according to the latest information from the General Department of Customs, to 15/8, the country exported 205,455 tons, with a total turnover of $ 2.025 billion (same period exports 206,734 tons, total value of turnover $ 1.606 billion). Thus, the average export price this year reached $ 9,856 per ton, compared to $ 7,768 per ton at the same period last year. Previously, Vinacas forecast that in 2017, Vietnam cashew nut industry will export USD3.3 billion, with the output of 360,000 tons of cashew nuts of all kinds, to set a record 12 consecutive years in world export. kite. With the rest, the industry will have to sprint to achieve the goal.

    According to a consultant technical production, processing for the cashew processing business, raw materials for processing, export scarcity, raw material prices in the country will not reduce but tends to increase, sources Low quality raw material will also be higher than in the past, especially between October and December 2017. Therefore, Vinacas recommends that enterprises take steps to be more proactive than raw materials. Because of the shortage of raw materials has been put forward for a long time, the solutions offered are quite adequate. The important thing at this point is the entry of the whole industry. Specifically from each step, step by step, such as building good quality breed, high productivity, resistant to pests.

    In particular, enterprises need to improve investment in processing technology, on the basis of which focus on traceability of products. In addition, guidance, support farmers intensively, grafted improvement of the old cashew orchard to improve cashew quality. Especially promoting the "four houses" (State-scientists-farmers) link to create a stable material for the billion dollar tree of Vietnam.