Home   >   NEWS & VIEWS   >   News

  • Vinacas seeks help for 100,000 tons of imported raw cashew nuts

    Jun 19th, 2017

    Member companies have reported that there are currently over 100,000 tonnes of raw materials shipped by shipping lines from African countries (Ivory Coast, Nigeria, Ghana, Tanzania, Mozambique, ...) to Viet Nam. Nam is stuck at the port of departure, port and port of destination.This makes the shipment time of some shipments, from ship on board to port 60-70 days, doubled compared to before.

    With the need to prolong shipping time, the company will not have enough raw materials to process the export goods and affect the delivery of goods, so the possibility of customer complaints, compensation requests. Copper is very high. As for businesses, revenue, profit will be reduced by this time, the price of cashew kernel exports are high.In response to this situation, Vinacas has sent the relevant ministries such as the Ministry of Transport, the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development (MARD) In order to support enterprises to solve problems and soon have raw materials for production and processing for export.

    In this dispatch, Vinacas stated that there was a lot of cargo coming to the port of destination, with the original B / L (B / L), with cargo at the port of entry (Malaysia, Singapore, ...) up to 30 days. Before returning to Vietnam. Upon arriving in Vietnam at the Cat Lai port in Ho Chi Minh City due to the stagnant cargo leading to customs clearance is slow, some weighbridge in the port area is experiencing overload ...

    According to the Ministry of Agriculture and Rural Development, in 2016, Vietnam imported 1 million tons of raw cashew, valued at $ 1.6 billion, up nearly 17% in volume and more than 41% in value. Thus, since 2006, when Vietnam overtook India as the world's largest exporter of cashew nuts, the industry has become increasingly reliant on imported raw cashew nuts. And the amount of imported raw materials of Vietnam next year is always higher than last year, among which, Africa is the main source of raw cashew for Vietnam.

    In the first five months of this year, the amount of raw materials imported by businesses increased by an estimated 366.00 metric tons, equivalent to US $ 721 million, up more than 49% in volume and more than 94% in price. The reason for businesses to import raw cash increased sharply in part because this year's export of cashew nuts is also favorable price.

    Specifically, the average cashew nut export price in the first four months of 2017 reached US $ 9,407 per ton, an increase of 24 per cent over the same period of 2016. Thus, in the first five months of this year, Ton, down 9.5% in volume but worth $ 1.1 billion, up nearly 13% over the same period last year.