VINACAS aims to export 360,000 tonnes in 2017

January 16, 2017

Day 16-1, in Ho Chi Minh City, Vietnam Cashew Association (Vinacas) held a conference to review the operation in 2016, expects to collect about 3 billion dollars from the export of cashew in 2017. Vinacas aims to export 360,000 tonnes of cashew, earning about US $ 3 billion in 2017. The amount of crude imports of 1.1 million tonnes is expected. Source of crude imports from Cambodia, Indonesia and African countries, including Cote d'Ivoire largely.

Vinacas cited reports of dried nuts Council International (INC), said demand for cashew nuts in general and in particular on the global scale continues to increase. The average yield increase of 10% / year due to the growing number of scientific reports prove the health benefits of cashews humans and other nuts.

According to statistics of the Ministry of Industry and Trade, in 2016, Vietnam has exported 348,000 tons of people with various kinds of export turnover of US $ 2.84 billion, up 5.6% in volume and 18.4 % in value over the same period in 2015.

2016, Vietnam cashew nuts were exported to 90 markets, of which the US accounts for the highest market share of about 35%, European countries and the United Kingdom is 25% and China 18%. The number of firms which currently exports about 400 enterprises, but over 50% market share of exports concentrated in approximately 30 companies.

Source: The Saigon Times