Cashew exports edge down

Mar 17th at 10:22
17-03-2017 10:22:58+07:00

Cashew exports edge down

Viet Nam’s cashew exports in the first two months of the year fell by 3.3 per cent to US$255 million, according to the Viet Nam Cashew Association.

 

Cashew has entered its main harvest season, and raw nut prices have gone up by 30 per cent compared to the same period last year, Nguyen Duc Thanh, chairman of the association, told a press briefing in HCM City on Wednesday.

Fresh raw cashew is now selling at VND46,000 a kilogramme while dried nuts fetch VND60,000.

The import prices of raw nuts have also gone up by $150 a tonne this week to $2,000.

Pham Van Dau, a cashew expert, said changes in rainfall and poor weather have created ideal conditions for cashew diseases and pests.

Experienced farmers have managed to keep productivity normal, but in some areas yields are down significantly, he said.

The association last month made a fact-finding trip to cashew growing provinces to assess this year’s output.

It is expected to fall by 80 per cent in Lam Dong and Binh Thuan provinces largely due to pests.

But productivity in Binh Phuoc Province, the country’s main cashew growing area, and Dong Nai and Ba Ria-Vung Tau has not been badly affected.

The association is implementing a cleaner production programme to improve the quality of nuts, and has urged its members to invest more in deep processing to add value.

It will also continue to help its members promote consumption of cashew products in the domestic and export markets and farmers improve productivity.

Thanh said last year the country produced 1.5 million tonnes of cashew nut, or 50 per cent of the global output and exported 348,000 tonnes of cashew nuts worth $2.84 billion.

This represented an increase of 5.6 per cent in export volume and 18.4 per cent in revenue, and made cashew the country’s second largest agricultural export after coffee, he said.

bizhub



NEWS SAME CATEGORY

Viet Nam slams Australia’s prawn ban

The Vietnamese Government has accused Australia of "causing serious damage" to its prawn farmers and exporters and has asked the Federal Government to reconsider...

VN coal struggles against imports

The domestic coal sector is going through a tough time owing to serious competition from cheap imported coal, the Ministry of Industry and Trade (MoIT) has said.

Pepper price drops to five-year low

The purchase price of dried pepper dropped on Tuesday by VND10,000 per kilo to VND95,000-100,000 per kilo in Dak Lak, Gia Lai and Dak Nong provinces against last...

Pepper price drops to five-year low

The purchase price of dried pepper dropped on Tuesday by VND10,000 per kilo to VND95,000-100,000 per kilo in Dak Lak, Gia Lai and Dak Nong provinces against last...

Avian flu scare: VN halts US poultry imports

Viet Nam has halted the import of poultry and poultry products from two US states, Tennessee and Wisconsin, which have been affected by avian flu.

Sale of cars down despite price drop

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold more than 17,600 cars in February, down 13 per cent from the previous month.

VN rice firms chafe at China import limits

Many Vietnamese rice exporters are facing difficulties after China authorised only 22 Vietnamese businesses to export rice into the country.

Milk price rules to be issued

The Ministry of Industry and Trade (MoIT) will shortly issue a circular with specific guidance to manage prices of milk products for children under six years old...

International coffee fair opens in Dak Lak Province

An international coffee fair themed “Quality Coffee for the Health of the Community” opened yesterday in the Central Highlands province of Dak Lak

10 countries agree to protect Dak Lak coffee brand

Ten countries and territories have agreed to protect the "Buon Ma Thuot Coffee" brand name, which hails from the Central Highlands province of Dak Lak, its...

Commodity prices


MOST READ


Back To Top