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Cashew producers to halt exports if decree approved

Update: November, 28/2012 - 10:36

HA NOI (VNS)— Around 150 cashew producers - half the growers in the country - will be forced to stop exporting cashews if a drafted decree on trading and exporting cashews gets approval from relevant sectors, said the Viet Nam Cashew Association.

Under the draft, cashew exporters must have a total cashew processing capacity of at least 2,500 tonnes per year, the association said. That would eliminate many smaller producers without such large capacities.

The association expected that Viet Nam would see the number of cashew exporters decrease to 75 in the coming years, helping the country control cashew prices on the world market.-VNS

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