Cashew growth belies problems

Dec 20th at 13:16
20-12-2013 13:16:15+07:00

Cashew growth belies problems

The strong growth in recent years notwithstanding, the cashew industry encounters many challenges, including a fall in area, threatening its development.

 

This requires a development strategy to enable the industry to develop in a sustainable manner in the coming years, according to the Department of Crop Production.

The department along with other agencies and the Viet Nam Cashew Association (Vinacas) has drawn up one for the period until 2020, Nguyen Van Hoa, the department's deputy general director, said.

It held a seminar in HCM City yesterday to discuss the strategy with scientists, businesses, farmers, and other stakeholders before submitting it to the Government for approval.

The industry has achieved impressive growth, making Viet Nam one of the world's largest cashew exporters since 2006.

Exports were worth US$1.47 billion last year, the country's fourth largest agricultural exports after rice, coffee, and rubber. They are expected to top $1.8 billion this year, he said.

But it now faces several challenges, including a shrinking of cultivation area and unstable output, Hoa said.

Nguyen Nhu Hieu, deputy head of the department's industrial crop division, said ageing trees and abnormal weather patterns have decreased yields, and many growers prefer other crops for higher profits, which has reduced the area under the nut.

"Area under cashew shrank by 107,392ha in the last seven years to 326,037ha last year.

"Domestic production feeds only 30 per cent of processing capacity and is reducing."

He said the development strategy envisages the area remaining at 300,000-320,000ha, producing 400,000 tonnes of raw cashew nuts a year, meeting 40 per cent of processing demand.

The industry plans to increase the rate of fully processed nuts to satisfy the requirements of customers, add more value, and boost domestic consumption, he said.

The strategy also calls for reviewing and tweaking cashew zoning plans, replacing aged cashew trees, developing inter-cropping models, and developing high-quality seedlings and advanced farming techniques.

Modern technologies and equipment will be used, products diversified to meet increasing demand from customers, companies will focus on building brands and promoting their products.

Nguyen Duc Thanh, Vinacas chairman, urged the Government to support farmers in planting cashew trees to replace old ones, adopt policies to encourage firms investing in deep processing, and strengthen inspection of exports.

Nguyen Thi Kim Nga, chairwoman of the Binh Phuoc Cashew Association, said the strategy should help improve communications to enable farmers to understand the Government's new policies, embrace new technologies, and obtain other benefits.

Nguyen Van Rung, a cashew grower in southern Dong Nai Province, said the industry should consider transplanting cashew seedlings, adding their productivity is very high.

At the seminar, 51 outstanding cashew farmers from 10 provinces received a Certificate of Merit from the Ministry of Agriculture and Rural Development.

Vinacas was conferred the Labour Medal, Second Class, for its contribution to socio-economic development.

vietnamnews



NEWS SAME CATEGORY

MoF gives go ahead for latest fuel price hike

The Ministry of Finance yesterday allowed petrol distributors to increase prices of petrol by a maximum of VND584 (US$2.78 cent) to VND24,214 ($1.15) per litre.

Rice exports drop following falling demand

Rice exports are set to fall by around 15 per cent this year to 6.6 million tonnes after demand plunged in Southeast Asia, the general secretary of the Viet Nam...

Motorbike sales stutter despite holiday discounts

The festive season had failed to light up motorbike sales towards the year-end, with demand continuing to fall, dealers said.

Central bank will continue gold auctions

The State Bank of Viet Nam intends to keep up gold auctions to correct imbalances in supply and demand in the domestic market, according to the Head of the Foreign...

Automakers expect high sales near Tet after dreary month

The auto market moved against the normal trend, declining in November after strong growth in the previous month, but automakers are still expecting better sales in...

Gold jewellery exports to be tax-free

Export taxes on gold jewellery and fine works are to be eliminated, while the tax on material gold will be set at 2 per cent beginning January 1 next year, reports...

Chinese traders buy up pigs

The exports of large numbers of pigs through the northern border have caused pork prices in northern provinces to rise by VND5,000 per kilo, while the heavy buying...

Beer prices rise as Tet approaches

With Tet (the Lunar New Year) still seven weeks away, beer prices have already started to rise.

SBV sells all gold offered at auction

Thirteen credit institutions purchased all 15,000 taels of gold offered by the State Bank of Viet Nam, at the cost of VND35.37-35.42 million (US$1,684-1,686) per...

More beer drunk as times get tough

Beer makers in Viet Nam produced 2.67 billion litres in the first eleven months of the year, up 7.8 per cent over the corresponding period last year, according to...

Commodity prices


MOST READ


Back To Top