The Vietnam Cashew Association (Vinacas) has decided to lower the cashew nut export target to US$3.2 billion this year, down from the US$4 billion set in late 2019, given the impact of COVID-19.
Vietnam has recorded a surge in cashew nut exports to China despite a decline in shipments of many agricultural products to this neighbouring market.
The Ministry of Industry and Trade will send a delegation to Egypt to study investment in logistics and promote trade in the second biggest economy in Africa from December 1-6.
VOV.VN - Poor-quality raw cashew imports have been posing a threat to the quality and brand of final products and the domestic processing sector at large.
VOV.VN - Cashew nuts are one of 24 products with an export value exceeding US$1 billion during the first half of this year, reaching nearly US$2 billion, a year-on-year rise of 7.5%.
The shortage of capital is hampering the operation of many small cashew factories in Vietnam.
Earnings from exports of key farm produce in the first half of 2018 totalled US$10.3 billion, up 9.7% year-on-year. Increases were seen in rice, fruits & vegetables and cashew nut.
VOV.VN - Vietnam exported around 33,000 tons of cashew nuts worth US$300 million in June, bringing the total volume of shipments during the first half of this year to 176,000 tons, valued at US$1.41 billion, up 17% in both volume and value, according to the Ministry of Agriculture and Rural Development (MARD).
The 10th Vinacas Golden Cashew Rendezvous will take place in Ha Long city, the northeastern province of Quang Ninh, in October, according to the Vietnam Cashew Association (Vinacas).
Many cashew nut processing plants have halted operations due to a lack of materials, the Vietnam Cashew Nut Association (Vinacas) told a meeting in Ho Chi Minh City on June 15 to review the sector’s performance in the first half of 2018.
Cashew yield could surge up to 40 percent if comprehensive advanced technology is applied to cultivation process, experts said at a conference on the cashew sector held in the southern province of Binh Phuoc on May 5.
VOV.VN - Many cashew nut processing facilities are facing the risk of being halted their operations due to a serious shortage of raw cashew nuts in the first quarter of this year.
The 45-year friendship and cooperation between Vietnam and the Netherlands have gained robust achievements, contributing to the modernisation and development process in each nation.
VOV.VN - Almost a year ago, Vietnam’s cashew nut exports were forecast to continue to grow and surpass the US$3 billion mark for the first time in 2017. In fact, exports set a new record of US$3.52 billion from 353,000 tonnes to the end of 2017.
VOV.VN - Cashew nut exports hit 188,034 tons with a value of US$1.85 billion in the first seven months of this year, down 1% in volume but up 25.2% in value against the same period last year, according to the General Department of Vietnam Customs.
VOV.VN - Vietnamese agriculture, one of the largest processors of cashews anywhere, is on track to import an estimated 360,000 metric tons of nuts this year and export them to the burgeoning European, US and Asian markets.
VOV.VN - The global demand over the past seven years for the ever-popular kidney-shaped cashew nut has climbed to roughly 150% its value in 2010 and is now estimated at US$5.2 billion, industry data show.
The export turnover of agriculture, forestry and aquaculture in January is estimated at US$2.54 billion, a year-on-year decrease of 1.4%, according to the Ministry of Agriculture and Rural Development.
VOV.VN - Agri-forestry and aquatic product exports in 2016 reach US$32.1 billion with many products obtaining a value of more than US1 billion each.
VOV.VN - The southern province of Binh Phuoc is thought to have one of the best cashew nuts in the world.