return icon Vietnamnet.vn

Vietnam remains world’s No 1 exporter of cashews

VietNamNet Bridge - Though it is the world’s top cashew exporter, Vietnam imports 1 million tons of cashew nuts out of 1.4 million tons of raw materials every year for processing. 
VietNamNet Bridge - Though it is the world’s top cashew exporter, Vietnam imports 1 million tons of cashew nuts out of 1.4 million tons of raw materials every year for processing. 


{keywords}




The country has been relying heavily on the world’s material market. If the material prices fluctuate, Vietnamese enterprises may fail to fulfill export contracts or deliver products on schedule, and their products may not meet requirements on food hygiene.

In 2016, Vietnam exported 347,000 tons of cashew nuts worth $2.84 billion, increasing by 5.6 percent in quantity and 18.4 percent in value compared with 2015. In that year, the world’s total cashew nut output was 3 million tons, while Vietnam imported 1.1 million tons.

In 2016, Vietnam exported 347,000 tons of cashew nuts worth $2.84 billion, increasing by 5.6 percent in quantity and 18.4 percent in value compared with 2015. In that year, the world’s total cashew nut output was 3 million tons, while Vietnam imported 1.1 million tons.

In the first eight months of 2017, Vietnam exported 223,000 tons worth $2.2 billion, which represented the 1.1 percent decrease in volume, but the 24.9 percent increase in value compared with the same period of 2016. The average export price was $9,842.5 per ton in the first seven months, or 27.2 percent higher.

According to Vinacas, Vietnam plans to obtain $3 billion from cashew nut exports in 2017, or $160 million higher than 2016. Meanwhile, due to the bad weather, the output is modest, just 300,000 tons and the amount of cashew nuts for processing is 250,000 tons only.

As such, to fulfill the export plan, Vietnam would have to import 200,000 tons more in 2017 than the last year.

According to Nguyen Duc Thanh, chair of Vinacas, most markets which import processed cashew products from Vietnam set high requirements on quality and food hygiene. This means that Vietnamese processors need to be sure that the input materials have high quality. Therefore, Vinacas believes that Vietnam needs to expand the cashew growing area.

Do Ha Nam, chair of Intimex Group, said Vietnam is No 1 in the world in cashew nut processing technology and it has the best products in the world. Therefore, Vietnam needs to boost exports to earn more money. He thinks now is the right time for farmers to expand the cashew growing area again as raw cashew nuts now can go for good prices.

In 1996, Vietnam began importing raw cashew nuts from Africa. In 2016, Vietnam surpassed India to become the biggest cashew nut exporter. Vietnam’s products are consumed in more than 100 markets.

By the end of 2016, Vietnam had 300,000 hectares of cashew growing area, mostly in Binh Phuoc, Dong Nai and Ba Ria – Vung Tau. The raw material price increased from 10,000-12,000 per kilo some years ago to VND40,000 per kilo.


RELATED NEWS

Customs hurdles for cashew

Material supply matters to cashew industry of Vietnam


Thanh Mai

MORE NEWS

Ngoc Linh ginseng helps Central Highlands locals out of poverty

Growers in the Central Highlands provinces dreamed of escaping poverty when they planted Ngoc Linh ginseng which has made an economic contribution to improving local farmers’ living conditions.

Soc Trang’s Khmer pagoda features giant Buddha statue

With the long-standing bonds of the Kinh, Khmer, and Hoa ethnic groups, Soc Trang boasts a special cultural identity that makes it an outstanding spiritual destination for tourists and Buddhist followers from far and wide.

Smart-homes getting cheaper in Vietnam

In Vietnam, a smart-home installation package costs VND14-25 million.

Vietnamese nationals account largest proportion of Japan’s foreign worker population

Vietnamese nationals account for 25.4% of the total 1.82 million foreign workers who were working in Japan as of the end of October last year, according to the Japanese Ministry of Health, Labour and Welfare (MHLW).

Mekong Delta develops more OCOP products

The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme.

Major Vietnamese paintings worth millions of dollars at global auctions

2022 represented a successful year for the Vietnamese painting market as three more pieces were auctioned at more than US$1 million each, bringing the total number of valuable paintings to 19. Let’s take a closer look at some of them.

Vietnamese American singer brings Tet Holiday joy to disadvantaged children

In hope to bring the children who lost their parents because of Covid-19 a warm spring holiday, Vietnamese American singer Ha Phuong spent a day to enjoy Tet with them.

How will the economy fare in 2023?

Vietnam’s economy had a prosperous year in 2022 with GDP growth rate of 8.02 percent, a one-decade high.

Female Vietnamese badminton star Thuy Linh placed 50th in world rankings

Vietnamese badminton star Nguyen Thuy Linh has risen to 50th position in the world’s latest singles women rankings, according to the Badminton World Federation (BWF).

Phin Ho ‘shan tuyet’ tea –specialty of Ha Giang

Apart from stilt houses and seemingly endless terraced paddy fields, “shan tuyet” tea, a famous specialty of Phin Ho village, is one of the special things visitors cannot forget once setting foot in Tay Con Linh Mountain in Ha Giang.

Discovering art of making vegetarian dishes in Tay Ninh

Religions and beliefs have made considerable contributions to the culinary culture of Tay Ninh.

Hoi An, HCM City among world's top 25 trending destinations in 2023: TripAdvisor

Germany’s famous travel site reisereporter.de has run an article highlighting the world’s top 25 trending destinations for 2023, including Vietnam’s Hoi An ancient city and Ho Chi Minh City, recently voted by readers of TripAdvisor.

Make-in-Vietnam sleeping machine developed by professor

FRENZ Brainband helps users have faster, tighter and deeper sleep. It can also be used for relaxing and enhancing concentration when working.

Paris Agreement: Lessons on independence, self-reliance, int’l solidarity

The signing of the Paris Agreement on ending the war and restoring peace in Vietnam on January 27, 1973, was a resounding victory of Vietnam’s revolutionary diplomacy in the Ho Chi Minh era.

PM: Lunar New Year comes with new energy

Prime Minister Pham Minh Chinh chaired a meeting of permanent Cabinet members in Hanoi on January 27, speaking of new energy of the nation following Tet (Lunar New Year), the biggest festival in Vietnam.
back_to_top