Wednesday, February 21 2018

VietNamNews

Cashew nut prices expected to rise in 2015

Update: October, 04/2014 - 10:14
During the first eight months of 2014, the export volume of processed cashews reached 198,743 tonnes worth US$1.29 billion.— Photo danviet
HCM CITY (VNS)  — The Vietnam Cashew Association (Vinacas) predicted that the price of raw cashews would rise in 2015 due to growing demand, both for export and processing purposes.

Vinacas urged domestic cashew businesses to establish a brand reputation by ensuring quality control and sticking to delivery schedules, while telling producers to improve nut quality by applying sound cultivation techniques.

This represented an increase of 20.2 per cent in volume and 21.5 percent in value compared to the same period last year.

Viet Nam has 338 cashew processors who export their products to more than 80 countries and territories worldwide. The US, China and the Netherlands are Viet Nam's biggest cashew importers. In 2013, cashew exports brought home $1.8 billion. — VNS


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