Vietnam Cashew nuts account for 50% of the world market

Mon Nov 23, 2015

On 23-11 in Ho Chi Minh City, Vietnam Cashew Association (Vinacas) in collaboration with Trade Promotion Agency (Ministry of Trade) organized an international conference that Vietnam themed " Vietnam's cashew industry towards cleaner production ".

The conference had over 300 participants that attended enterprises, of which 65% foreign enterprises from over 30 countries around the world.

Nguyen Duc Thanh, chairman VINACAS, said the first 10 months of 2015, export volume reached 272,000 individual tons with exports of 1.9 billion dollars, an increase of 6% in volume and over 18% in value over the same year 2014. By 2015, this sector will export $ 2.5b, of which $ 2.3 billion individual, the highest ever. In 2015, Vietnam continued to maintain a market share of over 50% of total global trade of cashew nuts ($ 5 billion) and was also the 10th consecutive year, branch of Vietnam keeps leading position on individual exporters.

According to Thanh, Vietnam is currently processing about 1.3 million tons of cashew / year, domestic supply was only 500,000 tons, 800,000 tons of cashew rest is imported from Africa and Cambodia. The quality of cashew nuts is the biggest concern of the exporters. Currently the export processing enterprises nut meet HACCP, ISO 9001, ISO 1400, ISO 2200 and applied sciences investment of modern technology to improve the quality of cashew nuts, ensure safety food.

Quang Huy

Source: City Law. HCM