Update news cashew industry
Vietnam’s cashew industry has suffered heavily as raw material prices have increased sharply, while the finished product prices have decreased.
Vietnam is among the world’s top cashew nut exporters, but it still cannot control the material supply sources.
VietNamNet Bridge - Vietnam is still the Number 1 cashew exporter in the world with 65 percent of market share, but cashew companies are facing problems such as lack of raw materials.
VietNamNet Bridge - The heavy reliance on import materials remains a problem for Vietnam’s cashew industry, though it remains the top cashew exporter in the world.
A plan by the HCM City University of Technology to export cashew processing technology to Africa has faced strong opposition from Vietnamese officials, who believe the move will kill one of Vietnam’s important industries.