The Việt Nam Cashew Association held a conference to review the industry’s performance in the first seven months and identify solutions to the problems plaguing it.
Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports.
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’s cashew sector targets exports of 350,000 tonnes this year, 10 per cent lower than last year, according to the Việt Nam Cashew Association (Vinacas).
The domestic cashew industry would continue to face difficulties processing and trading cashew nuts next year, according to the Việt Nam Cashew Association (Vinacas).
Việt Nam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.
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.