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VietNamNews

Vinacas wants to raise cashew nut prices

Update: April, 02/2013 - 10:26

HA NOI (VNS)— The Viet Nam Cashew Association proposed raising the price for cashew nuts for export by 15-20 per cent.

In the first two months of 2013 the volume of cashew nuts for export reached 34,327 tonnes, resulting in export turnover of over US$200 million - a 66.8 per cent decrease in volume and 37.71 per cent increase in value.

But Vietnamese exporters still faced many risks in importing raw cashews, according to Vinacas, especially in terms of quality.

Importing unprocessed cashews results in a profit of about $180 per tonne for Vietnamese businesses.-VNS


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