Cashew export prices on the up

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The quantity of cashew nuts exported from Viet Nam in the first seven months of this year is reported to have reached 84,000 tonnes with a turnover of US$656 million, according to Nguyen Thai Hoc, chairman of the Viet Nam Cashew Association (Vinacas). However, volume dec-lined 16 per cent but the value was up 14.8…


Cashew nuts processing companies in need for help

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Around 300,000 tonnes of cashew nuts was purchased and an addition of 122,000 tonnes was imported by Vietnamese cashew processing companies, said the Vietnam Cashew Association (Vinacas). Vinacas also asked the State Bank Governor to provide them VND12 trillion in loan with preferential interest rates to buy a total amount of 360,000 tonnes of cashew…


Import tax on raw cashew to drop 3%

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The import tax rate on raw cashews would be cut from 5 per cent to 3 per cent from the beginning of September, according to the Ministry of Finance. The rate is being cut following a proposal by the Viet Nam Cashew Association in order to increase the domestic cashew industry’s competitiveness as well as…


Cashew exports likely to earn US$1.4-1.5 billion in 2011

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Cashew exports in 2011 are likely to reach 190,000 tonnes, earning US$1.4-1.5 billion, down 4,000 tonnes in volume but up 32 percent in value against the previous year. Vietnam is also expected to remain the world’s No. 1 cashew exporter. According to the General Statistics Office (GSO), cashew exports in May reached 53,000 tonnes, down…


Cashew nut exporters upbeat about future

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Vietnam’s cashew exports are likely to rise to US$1.5 billion in 2020 from $1.13 billion last year, the Viet Nam Cashew Association has said. Speaking at an international cashew conference in HCM City last week, Nguyen Thai Hoc, its chairman, said under the industry development strategy, the area under cashew would remain at 350,000 hectares…


Cashew export volume down, value increases

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Cashew exports in the first six months of the year reached 67,000 tonnes worth US$499 million, an increase in value, according to the Ministry of Agriculture and Rural Development. Although the figures represent an increase of 17.3 per cent in value, they represent a decline of 16.4 per cent in volume. In June alone, exports…


Cashew output slumps below targets

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HCM CITY— Raw cashew production this year is likely to be just 300,000 tonnes, or far below the target of 380,000 tonnes, the Viet Nam Cashew Association has said. Association members blamed the shortfall partially on unseasonable monsoon rains in major cashew-growing areas during the flowering period. The advanced age of many cashew trees was…


Cashing-in on Sustainable Cashew Trade

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The chairman of the Vietnam Cashew Association (VINACAS), Nguyen Thai Hoc said that in 2010 Vietnam exported 198,000 tonnes of cashew kernels (half of all cashew kernels exported worldwide last year) worth US$1.135 billion, and that 2010 is the fourth year in which Vietnam was the biggest cashew exporter in the world. But difficulties that…


Rash farming decisions lead to high losses

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A project to grow high-yield cashew trees in new economic zones in the Central Highland province of Dak Lak has resulted in the loss of hundreds of billions of dong. The project, which started in 2002, cost the Government an estimated VND220 billion (US$10.5 million), according to agricultural experts. Le Thanh Hai, chairman of the…


Cashew nut exporters upbeat about future

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Viet Nam’s cashew exports are likely to rise to US$1.5 billion in 2020 from $1.13 billion last year, the Viet Nam Cashew Association has said. Speaking at an international cashew conference in HCM City last week, Nguyen Thai Hoc, its chairman, said under the industry development strategy, the area under cashew would remain at 350,000…


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