Cashew prices are low at present, according to the Việt Nam Cashew Association (Vinacas).

Cashew prices are expected to recover this year on the global market and producers should promote cooperation to remain stable.

Việt Nam will need to import more than 300,000 tonnes of raw cashew nuts in the remaining months of the year for processing to meet the demand of exporters, according to processing companies.

Việt Nam exported 141,000 tonnes of cashew nuts for a value of U$$1.39 billion in the first five months of the year, a year-on-year increase of 21.4 per cent and 25.3 per cent, respectively, according to the Việt Nam Cashew Association.

Việt Nam exported 74,580 tonnes of cashew worth US$758 million in the first quarter, according to the Việt Nam Cashew Association (Vinacas).

Vietnamese importers have temporarily stopped buying raw cashew from Africa due to a surge in prices, according to the Việt Nam Cashew Association (Vinacas).

Việt Nam’s cashew industry has targeted 300,000 tonnes of cashew exports at a value of US$3 billion this year, a year-on-year reduction of 50,000 tonnes in volume and $500 million in value, according to the Việt Nam Cashew Association.

Việt Nam will help the Cambodian agriculture sector to raise cashew output to one million tonne in the next 10 years.

The Việt Nam Cashew Association has provided VNĐ1.5 billion (US$66,000) to the Cambodian Ministry of Agriculture, Forestry and Fisheries for growing one million cashew trees on a total area of 500,000 hectares from now through 2022.

The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development, delegates told a seminar in HCM City last Saturday.