Cashew production forecast to drop nearly 20 per cent in 2017

Jun 2nd at 15:47
02-06-2017 15:47:42+07:00

Cashew production forecast to drop nearly 20 per cent in 2017

Viet Nam is expected to yield only 0.87 tonnes of cashew nuts per ha in 2017, 0.21 tonnes or nearly 20 per cent less than 2016’s output per ha, heard a conference in HCM City on Thursday.

 

Le Van Duc, deputy head of the Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD), blamed the yield decrease on unseasonal rains in January-March, which destroyed cashew flowers.

Meanwhile, local farmers have neglected extreme weather developments and diseases on cashew trees, said participating businesses.

A report released by the MARD shows that cashew output in the southern province of Binh Phuoc contracted by about 17.41 per cent per ha; southern Ba Ria-Vung Tau Province, 15.13 per cent; and the Central Highlands province of Lam Dong, over 50 per cent.

Representatives from cashew-growing provinces said the bad harvest was more noticeable in reality as several localities have yielded zero.

Therefore, the country’s total cashew nut output is forecast to hit over 252,000 tonnes in 2017, decreasing nearly 52,000 tonnes compared with the previous year’s figure. The amount meets only around 15-20 per cent of businesses’ demands for raw cashew nuts.

Given this, Nguyen Trung Anh, director of the research and development centre of PAN Group, suggested local farmers pay more heed to intensive cultivation and technological improvement.

Nguyen Duc Thanh, chairman of the Vietnam Cashew Association (VCA), said the unexpected reduction may affect business plans of cashew processors.

To ensure sustainable development for the cashew sector in the time ahead, he suggested the MARD adjust the national cashew development strategy until 2020 by expanding the cashew area from 340,000 ha to 400,000 ha.

MARD Deputy Minister Le Quoc Doanh urged the VCA to boost its connectivity with localities and farmers to ensure stable cashew production areas.

In 2016, cashew nut was Viet Nam’s major farm produce, only behind coffee in terms of export value. The country shipped 348,000 tonnes of cashew nuts for US$2.84 billion, up 5.6 per cent in volume and 18.4 per cent in value from a year ago.

bizhub



NEWS SAME CATEGORY

PM asks for clarification on increasing sand prices

Prime Minister Nguyen Xuan Phuc has ordered to clarify information on increasing construction sand prices in Nguoi Lao Dong (Labourers) newspaper on May 21.

Demand for cool air attracts Japan

Japanese air conditioner manufacturers are set to expand in Vietnam, touting their high-quality products and appeal to the country’s growing urban middle class.

Vietnam to impose duty on Chinese, South Korean and Taiwanese steel sheets

Vietnam will impose quotas and so-called safeguard duties on imported painted-galvanised steel from China, South Korea and Taiwan for three years to protect...

Decree to help firms import cars

The Ministry of Industry and Trade (MoIT) has released a draft decree that all businesses can import cars provided they fulfil the required conditions and get a car...

VN ranks 8th among world’s top gold consumers

Viet Nam ranks eighth among the countries in the world with the highest gold consumption in the first quarter of 2017, shows a recent report by the World Gold...

Cement export tax burdens domestic firms

The imposition of 5 per cent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.

Viet Nam negotiates with China to export pork

Viet Nam has negotiated with China for the latter to import Vietnamese pork under large commercial contracts, Tran Thanh Nam, deputy minister of agriculture and...

$1.5 billion spent for animal feed imports

Viet Nam had to spend more than $1.5 billion to import animal feed and raw material in the first five months of this year, up 27.5 per cent compared with 2016...

Rubber export prices rise sharply

The average export price of rubber in the first four months of 2017 was US$2,016 per tonne, a year-on-year increase of 68.8 per cent.

Bac Giang to export half of lychee output

Northern Bac Giang Province, a lychee farming hub of Viet Nam, plans to export some 50,000 tonnes of “thieu” lychee, or 50 percent of its total output, in 2017.

Commodity prices


MOST READ


Back To Top