Instead of competing fiercely with each other, cashew companies have now joined hands to boost exports and focus on deep processing to obtain higher added value for their products.

VietNamNet Bridge - Following a bumper season in 2017, import/exports continued to increase sharply in the first three months of 2018. 

VietNamNet Bridge - Carnadol is much more valuable than raw cashew oil which can bring profits of at least VND2 million per ton.

VietNamNet Bridge - Several African countries, which have been loyal partners with Vietnamese cashew exporters, are becoming competitors.

VietNamNet Bridge - Vietnam aims to increase export value of cashew nuts by more extensive processing instead of exporting raw or preliminarily processed products.

Cashew nut shells, considered ‘rubbish’ by many people, turn out to be a material which may create a market worth hundreds of millions of dollars a year. 

VietNamNet Bridge - Modern technology which allows processing of cashew nuts at low costs is one of the reasons that Vietnam has become the Number 1 cashew nut exporter in the world.

Tens of cashew nut exporters incur losses, while the Vietnam Cashew Association (Vinacas) has fallen into complete mess. It’s still unclear about the future of the Vietnam’s cashew industry.