Cashew sector keen to increase export quality during 2020
Friday, January 17,2020AsemconnectVietnam - Amid fluctuations taking place in the global cashew market, the Vietnam Cashew Association (Vinacas) is to focus on improving the quality of Vietnamese cashew nuts for exports whilst also increasing the efficiency of processing over the coming year.
The association said that 2019 had been a successful year for the country’s cashew industry, with cashew exports and raw cashew imports reaching 450,000 tonnes and 1.5 million tonnes respectively, exceeding set targets in the process.
It is expected that during the first six months of 2020, the price of raw and processed cashew nuts will fluctuate as a result of complicated developments occurring within the global economy, apart from ongoing trade tensions between the United States and China, as well as between the US and India.
Moreover, African countries such as the Ivory Coast and Mozambique have recently devised new policies aimed at tightening imports of raw cashew nuts.
At present, India is the largest consumer of cashew nuts globally with a population of approximately 1.3 billion people. The South Asian country is therefore applying tax policies aimed at limiting the quantity of cashew nuts imported, mainly from Vietnam.
Vinacas stated that they will continue to renovate machinery and equipment in a bid to increase processing capacity and efficiency, while simultaneously co-operating with cashew associations of various countries in order to produce and trade both processed cashew nuts and raw cashew nuts.
Furthermore, Vinacas also advised domestic enterprises to map out strategies aimed at boosting production, whilst adjusting their 2020 plans in accordance with market supply and demand.
Moreover, local firms should seek to enhance information exchanges with major businesses as a means of devising detailed plans to import raw cashew and supply processed cashew to the market.
Source: VOV.VN
Vietnam posts $2.01 billion trade surplus in May of 2023
Imports of seafood increased by 6.6% in first 5 months of 2023
DAILY: Vietnamese pepper prices remained unchanged on June 26
DAILY: Vietnamese coffee prices rose by 900 VND on June 26
More efforts needed to refine Vietnam's economic development
Interest rates cut expected to attract borrowers
Wheat imports increased slightly by nearly 5% in first 5 months of 2023
Fertilizer export markets in first 5 months of 2023
Exports of animal feed reached 426.3 million USD in first 5 months of 2023
Imports of animal feed reached over 1.93 billion USD in first 5 months of 2023
DAILY: Vietnamese pepper prices fell by 500 VND on June 23
DAILY: Vietnamese coffee prices rose by 200 VND on June 23
Exports to China reached 20.3 billion USD in first 5 months of 2023
Coffee exports surpassed 2 billion USD in first 5 months of 2023
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...