Ten-month cashew export enjoys robust growth

Cashew exports in the first ten months of this year posted strong growth, reaching 291,000 tonnes in volume and US$2.33 billion in value, heard the 8th Vietnam International Cashew Conference in the central city of Danang on November 11.

The figures presented year-on-year increases of 5.8% in volume and over 3 percent in value, respectively.

Vietnam’s cashew export value is forecast to hit US$2.7 billion in the whole year.

President of the Vietnam Cashew Association (VCA) Nguyen Duc Thanh said the result would help Vietnam continue maintaining its market share of over 50% of the globe's cashew nuts trade value (about US$55.5 billion).

2016 marks the 11th consecutive year Vietnam holds leading position in the world in exporting cashew nuts, he noted.

In the coming time, the sector will enhance product diversification and cleaner production, as well as expand domestic market in order to lift its revenue to about US$2.9 billion in 2017.

The sector targets to produce 600,000 tonnes of raw cashew nuts by 2020.

Promotion programmes will be intensified, aiming to consuming about 30,000 tonnes of cashew in the domestic market by 2020, double that of 2015.

Attention will be paid to building the brand name for Vietnamese cashew through encouraging enterprises to join the National Trademark programme, and foster exports.

Babafemi Oyewole, Managing Director of the African Cashew Alliance said the 128-member organisation wishes to enhance cooperation with the VCA to create high-value products.

Participants to the conference focused their discussions on development strategy of the cashew sector, the international cashew market forecast , and how to improve the cashew quality and boost trade links among Vietnamese raw cashew importers.

Mời quý độc giả theo dõi VOV.VN trên

Related

Growing expectations for cashew exports to US
Growing expectations for cashew exports to US

The US press spotlight on President Barack Obama’s visit to Vietnam will help raise Vietnamese cashew shipments to the US, the Vietnam Cashew Association (VINACAS) said on May 23.

Growing expectations for cashew exports to US

Growing expectations for cashew exports to US

The US press spotlight on President Barack Obama’s visit to Vietnam will help raise Vietnamese cashew shipments to the US, the Vietnam Cashew Association (VINACAS) said on May 23.

Cashew exports forecast to rise in 2016
Cashew exports forecast to rise in 2016

VOV.VN - Vietnam’s cashew exports posted a strong growth in 2015 and are expected to rise this year.  

Cashew exports forecast to rise in 2016

Cashew exports forecast to rise in 2016

VOV.VN - Vietnam’s cashew exports posted a strong growth in 2015 and are expected to rise this year.  

Cashew exports surge in January
Cashew exports surge in January

Vietnam's cashew exports in January jumped 15.6% year-on-year to US$183 million, according to the Ministry of Agriculture and Rural Development.

Cashew exports surge in January

Cashew exports surge in January

Vietnam's cashew exports in January jumped 15.6% year-on-year to US$183 million, according to the Ministry of Agriculture and Rural Development.