VINACAS: The amount that inventories in the country and the world is relatively low

Tue Feb 07 2017

Up to nearly the end of 1/2017, that inventories of the domestic market as well as relatively low world. Buyers are watching and waiting for the seasonal changes to purchasing decisions, as well as price adjustments in the first quarter / 2017.

So VINACAS said that businesses will have to balance and import more raw materials for production until the beginning of the 2017. Currently, some enterprises are waiting for shipments imported from Tanzania and Indonesia in January and 2/2017. By this time there are also very few offerings from Tanzania and Indonesia by the end of service customers and low inventory while businesses signed nearly sold out.

It's the world's inventory is not much

VINACAS said, in North America and Europe, inventory of what's coming this time is not much. Therefore, buyers are watching and waiting for the seasonal changes to purchasing decisions, as well as price adjustments in the first quarter / 2017. According to forecasts, by 2017 the human cost in the range of 4-4 25 USD / lb and the price will drop below $ 4 / lb in a short time.

At the same time, demand for individual purchase in India, mostly in high-level group of raw white (WW240) but in small quantities due to high price. However, commodities are now attracting more interest in what's not is that shell and cashew nut shell oil prices tend to rise again.

Also, in the Ivory Coast and West Africa, the current season is normal and expected in early May 3/2017 ro service. Cotton Council and Article Ivorian forecast, the floor price of crude farmgate expected in 2017 is 500 CFA / kg.

Ministry of Agriculture and Rural Development estimated that 1/2017 exports over the same period last year fell 20% to 20 thousand tons and decreased 4% to $ 76 million.

Meanwhile, import volumes increased cashews 62% to 57 thousand tons with a turnover of 124 million, up more than 2 times compared to the same period last year.

Besides, a few things in Binh Phuoc transaction was carried out from mid-January to the purchase price is 53,000 VND / kg. Although, it's price fell 1,000 VND / kg compared to the peak prices recorded in the last two months in 2016, but this is still a high price at the moment, thanks to the export market are rising again.

Source: VNB - PL.XH