Vinacas seeks help for 100,000 tons of imported raw cashew nuts

Member companies have reported that there are currently over 100,000 tonnes of raw materials shipped by shipping lines from African countries (Ivory Coast, Nigeria, Ghana, Tanzania, Mozambique, ...) to Viet Nam. Nam is stuck at the port of departure, port and port of destination.

This makes the shipment time of some shipments, from ship on board to port 60-70 days, doubled compared to before.

With the need to prolong shipping time, the company will not have enough raw materials to process the export goods and affect the delivery of goods, so the possibility of customer complaints, compensation requests. Copper is very high. As for businesses, revenue, profit will be reduced by this time, the price of cashew kernel exports are high.

In response to this situation, Vinacas has sent the relevant ministries such as the Ministry of Transport, the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development (MARD) In order to support enterprises to solve problems and soon have raw materials for production and processing for export.

In this dispatch, Vinacas stated that there was a lot of cargo coming to the port of destination, with the original B / L (B / L), with cargo at the port of entry (Malaysia, Singapore, ...) up to 30 days. Before returning to Vietnam. Upon arriving in Vietnam at the Cat Lai port in Ho Chi Minh City due to the stagnant cargo leading to customs clearance is slow, some weighbridge in the port area is experiencing overload ...

According to the Ministry of Agriculture and Rural Development, in 2016, Vietnam imported 1 million tons of raw cashew, valued at $ 1.6 billion, up nearly 17% in volume and more than 41% in value. Thus, since 2006, when Vietnam overtook India as the world's largest exporter of cashew nuts, the industry has become increasingly reliant on imported raw cashew nuts. And the amount of imported raw materials of Vietnam next year is always higher than last year, among which, Africa is the main source of raw cashew for Vietnam.

In the first five months of this year, the amount of raw materials imported by businesses increased by an estimated 366.00 metric tons, equivalent to US $ 721 million, up more than 49% in volume and more than 94% in price. The reason for businesses to import raw cash increased sharply in part because this year's export of cashew nuts is also favorable price.

Specifically, the average cashew nut export price in the first four months of 2017 reached US $ 9,407 per ton, an increase of 24 per cent over the same period of 2016. Thus, in the first five months of this year, Ton, down 9.5% in volume but worth $ 1.1 billion, up nearly 13% over the same period last year.

Source:www.vinacas.com.vn

Cashew exports are expected to reach $ 3.3 billion

This is information provided at the meeting between the Vietnam Cashew Association (VINACAS) and Michael Waring, the first vice president of the International Dry Bulk Council (INC) and the Standing Committee of the Executive Council Bridge (GCC) on 16/6.

At the meeting, VINACAS President Nguyen Duc Thanh informed the representatives of INC and GCC about the production and cashew business of Vietnam, the results of the International Conference on Customers, Binh Phuoc in May, 2017 and next. The Vietnam International Article Conference 2017 will take place from 13-15 November 2011 in Kien Giang Province, Vietnam.

Nguyen Duc Thanh said that in 2016, Vietnam's cashew industry businesses exported 350,000 tons of cashew nuts of all kinds, the export value was over $ 3 billion, Including about $ 2.85 billion of cashew kernel, the rest are by-products of the regulator.

According to Thanh, this is the eleventh consecutive year that Vietnam's cashew nut industry will continue to maintain its market share of over 50% $ 5 billion).

In 2017, Vietnam's cashew nut industry is expected to export about 360,000 tons of cashew nuts of all kinds, up 2.8% over the same period of 2016. The export value of cashew nut products is 3.3 billion USD, About $ 3 billion, up 5.0% over 2016.

At the meeting, on behalf of INC and GCC, Michael Waring also informed the Vinacas leaders about INC's congress results in May 2017 in HCMC. Chennai (India) and some information about GCC activities over time.

In the spirit of cooperation, for the development of the cashew industry in particular and the dried fruit of the world in general, VINACAS and INC, GCC agreed on some contents. Accordingly, INC and GCC commit to accompany and sponsor VINACAS in activities such as promotion and promotion of nutritious value of Vietnamese cashew nuts; Annual International Article Conference in Vietnam; Trade activities, expansion of export markets; Support to improve competitiveness of cashew products of Vietnam; Cleaner production programs and sustainable development ...

VINACAS also identified as an active founding member of the GCC in its key activities. VINACAS suggests that the GCC consolidate its organization and operation according to the GCC's mission, purpose and program of activities to attract the participation of organizations around the world.

Along with that, VINACAS will call on members to contribute funds for meaningful activities of the world industry and suggested that INC and GCC will select Vietnam as the next destination of the Dry Fruit Congress Vietnam is not only the largest cashew processing center in the world, but also the potential exporter of other nuts and dried fruits such as chickpea, Dry, dry, pine, jackfruit, dry ...

Source: Chinhphu.vn

In 2017, strive to export 360,000 tons of cashew kernel

It is a target in the plan that the Vietnamese cashew industry is aiming for and continues to hold its 12th position as the world's No. 1 exporter.

In Ho Chi Minh City, Nguyen Duc Thanh - Chairman of Vietnam Cashew Association (VINACAS) and Mr. Dang Hoang Giang - Vice President and General Secretary of VINACAS had a meeting with Mr. Michael Waring - First Vice Chairman of the International Dry Coal Conference (INC) and Standing Committee of the Global Executive Council (GCC), Member of the Australian Rules Association (ACA), Nuts for Life (Australia) ), President of MWT Foods (Australia).

In Ho Chi Minh City, Nguyen Duc Thanh - Chairman of Vietnam Cashew Association (VINACAS) and Mr. Dang Hoang Giang - Vice President and General Secretary of VINACAS had a meeting with Mr. Michael Waring - First Vice Chairman of the International Dry Coal Conference (INC) and Standing Committee of the Global Executive Council (GCC), Member of the Australian Rules Association (ACA), Nuts for Life (Australia) ), President of MWT Foods (Australia).

At the meeting, on behalf of the INC and GCC Presidents, Michael Waring announced some results of INC International Dry Food Congress in May 2017 in Chennai - India and some information. About GCC's activities over time. On VINACAS side, Nguyen Duc Thanh informs INC - GCC about the production and business of Vietnam in 2016, 6 months of 2017 and the direction of activities in the last 6 months of 2017, as well as the plan for 2018. At the same time, information to INC some results of the conference of international customers Binh Phuoc May 5, 1974 in Binh Phuoc and the plan to hold the Vietnam International Conference 2017 from 13-15 / 11 in Phu Quoc Island, Kien Giang Province, Vietnam.

As reported by VINACAS, in 2016 despite the socio-economic situation is still difficult, cashew processing enterprises in Vietnam processed 350,000 tons of cashew nuts of all kinds, with export turnover of over 3 billion USD, including about $ 2.85 billion in cashew nut exports, the remainder being byproducts of cashew nut. This is the 11th consecutive year that Vietnam's cashew nut industry has maintained its leading position in cashew nut exports, continuing to maintain a market share of over 50% .

In the spirit of cooperation, market, for the development of the cashew industry in particular and dried fruit in the world in general, VINACAS and INC - GCC exchanged and agreed on some important contents.

Firstly, with the role, position and importance of VINACAS in the cashew sector of Vietnam, INC - GCC is committed to accompanying and sponsoring VINACAS in the promotion and promotion of nutritious value of cashews. And abroad; The annual international convention in Vietnam; Trade promotion activities, expansion of export and import market; Support to improve competitiveness and domestic consumption of cashew products of Vietnam; Cleaner production programs and sustainable development, ...

At the National Trade Promotion Program, Vietnam International Cashew Conference in Phu Quoc, November 2017, INC - GCC will participate as a sponsor of the event.

Second, to determine the importance of the INC - GCC to the world industry, VINACAS will be an active founding member of the GCC in its key activities. VINACAS suggests that the GCC consolidate its organization and operation according to the GCC's mission statement, goals and operational programs, which provide the basis for engaging organizations worldwide. VINACAS will call on its members to contribute funds for meaningful activities of the world's cashew industry and suggests that INC - GCC will select Vietnam as the next destination for INC Annual Dry Fruits Congress - GCC. By now, Vietnam is not only the largest cashew processing center in the world, but also a potential market for other nuts and dried fruits such as peanuts, dried lotus seeds, chestnuts, Pine nuts, jackfruit, raisins, dried plums, ...

According to the export plan, in the context of many difficulties, in 2017 the whole Vietnam's cashew industry will strive to achieve the export target: Export volume of 360,000 tons of cashew kernel, up 2.8% over the same. Export turnover of cashew nut products reached $ 3.3 billion, of which cashew nut $ 3.0 billion, up 5.0% over the same period in 2016. If the results are as expected, the year This will be the 12th consecutive year of Vietnam's cashew industry to be the number one exporter of cashew nuts in the world.

The Vietnam Cashew Association was established in 1990 under Decision No. 346 NN-TCCB / QD dated 29/11/1990 of the Ministry of Agriculture and Food Industry (now MARD). VINACAS is a socio-professional organization of organizations of all economic sectors and individuals who are in charge of planting, processing, consuming and trading in cashew nuts and related products and services. kite; Voluntary establishment of the Association aims to gather, unite and support each other in production and business activities and services, protect legitimate legitimate interests of members, help each other develop together, recommendations Members strictly follow the guidelines and policies of the State and international commitments to improve product quality, protect brand reputation of the industry, so that the industry develops sustainably. Worthy position at home and abroad to contribute to the socio-economic development of the country.

Source: Urban Economy

INC / GCC accompanies and supports the Vietnamese cashew industry

At the meeting, INC / GCC committed to accompany and sponsor VINACAS in the activities: promotion, promotion of nutritional value of cashew nuts at home and abroad; The annual international convention in Vietnam; Trade promotion activities, export and import market expansion; Support to improve competitiveness and domestic consumption of cashew products of Vietnam; Cleaner production programs and sustainable development ...

At the Vietnam International Convention on Phu Quoc in November, 1974, the INC / GCC will participate as a sponsor of the event.

VINACAS will be an active founding member of the GCC in its key activities. VINACAS suggests that the GCC consolidate its organization and operation according to the GCC's mission statement, goals and operational programs, which provide the basis for engaging organizations worldwide.

VINACAS will call on its members to contribute funds to the meaningful activities of the world's cashew industry and request INC / GCC to select Vietnam as the next destination for the annual dried nuts conference of INC / GCC. By now, Vietnam is not only a processing center, the largest exporter of cashew nuts in the world, but also a potential market of dried nuts and seeds such as peanuts, dried lotus seeds, chestnuts, seeds. Pine, dry jackfruit, raisins, dried plums ...

Source: Vietnam Agriculture Newspaper

Raw cashews in Cambodia are down slightly despite rising export demand

Oum Uon, chairman of Kampong Thomcho, a Cambodian cashew producer, said raw cashew nuts had dropped from 7,000 riels per kilogram in March to 6,000 riels per kilogram USD / kg) in May. Say Mengly, director of processing company Solar Phum Yeung and Cashew Plant in Cambodia's Kampong Thom province, also said his company bought raw cashew nuts for $ 2 a kilogram in March, but now The price is only 1.5 USD / kg. Cashew kernels of Cambodia in the past also went up 2-2.5 per kg.

However, processed cashew nuts are priced at $ 15-17 / kg.

According to Uon, demand for cashew nuts from abroad is high, especially in Korea and Japan. Demand from these two countries is up to 100 tonnes per year, but the Association does not have enough funds to procure reserves for processing. The Association (20 members) can only buy about 15 tonnes this year to supply to the domestic market and export.

And Mengly, the cashew nut importers from his company in addition to the Netherlands, India and China, demand from Vietnam is quite high. This year, his company has bought about 300 tonnes, more than doubling in 2016. The company intends to buy double the quantity next season if it receives support from private processing companies.

Thiv Vanthy, director of the Kampong Thom Agriculture Department, said demand for cashew nuts tended to increase year by year. He called on private producers to sign contracts with cashew growers for export processing.

"We always support farmers in accessing new techniques in crop care, harvesting and preservation. Our specialists are always available to assist them, "Vanthy added.

Vanthy also agreed that the price of cashew nuts had fallen in the middle and at the end of the harvest season compared to the beginning of the season, though that price was acceptable to the farmers.

Source: Economy & Consumer

Cashew earns $196m for Ghana in 2016

Cashew has over the years become the leading non-traditional export earner in Ghana’s agriculture sub-sector, contributing $196.7 million in 2016, according to the Ghana Export Promotion Authority (GEPA).

GEPA is, meanwhile, proposing a surcharge on raw cashew exports to encourage more local processing of the nuts.

Chief Executive Officer of GEPA, Ms Gifty Klenam, said in an interview that the move was to ensure local processors get raw cashew for grinding and value-addition so as to increase the earnings Ghana gets on the world market instead of exporting the commodity in the raw form.

“As part of our strategy to implement the National Export Strategy of the government, we are considering having a conversation with the appropriate Ministry to surcharge the export of raw cashew that is done in the country,” Ms Klenam said.

Currently, about 90 per cent of cashew is exported raw and this is not helping the local processors to get raw materials, Ms Klenam said.

“We believe that exporting the cashew raw doesn’t earn us more revenue. Besides, the foreign exchange that is earned from the export is also not returned to the country to support the cedi,” she said.

Ms Klenam said it was in this context that GEPA was having a conversation that a certain percentage of the cashew was allowed to be exported raw, while a larger proportion was processed in the country.

She said it was through the processing of the nuts that jobs would be created for the youth and expressed the hope that the surcharge would be implemented soon.

GEPA last month signed a Memorandum of Understanding (MoU) with the Cashew Industry Association of Ghana and BLC consult to facilitate the development and implementation of a 10-year National Cashew Development Plan, to regulate the value chain of the Cashew Industry.

The Plan aims at regulating, formalising and providing strategic investment to revamp the cashew industry, increase production and productivity along the value chain and ultimately regulate the industry.

Among the key objectives of the 10-Year National Cashew Development Plan (2017-2027) were to support research and development to improve inputs and technology from the farm to export.

It would also expand production of raw cashew nuts from 55,000 metric tons to 200,000 metric tons, and increase processing capacity from 57,000 metric tons to 200,000 metric tons.

Cashew had over the years become the leading non-traditional export earner in the agriculture sub-sector, contributing $196.7 million in 2016.

Source: http://www.myjoyonline.com/

Ghana joins Consultative International Cashew Council

Ghana has signed onto the consultative International Cashew Council, becoming the first English-speaking country to become a member. Mr William Agyepong Quaitoo, Deputy Minister of Food and Agriculture, who signed the convention, said the country had accomplished the process for the establishment of the Council and hosted the first consultation meeting in Accra in April 2016.

The Council is an international organisation, steered by the Ministries responsible for cashew in the Member states and meet annually as the decision-making body for the development of the sector. The Council aims to create a consultation framework and synergies between member states for a sustainable cashew sector. Currently, six cashew producing countries in Africa Benin, Burkina Faso, Cote D’Ivoire, Guinea Bissau, Senegal and Togo have signed the convention.

Mr Quaitoo said Ghana’s membership of the Council would help contribute to the harmonisation of policies in the region and profit from the exchange in the technical bodies for private sector promotion, cashew research along the value chain and production. Mr Quaitoo said over the last decade, cashew had emerged as an integral part of Africa’s economy, and its production had grown impressively in the past years from 1.2 million tons in 2014 to 1.8 million tons in 2016.

He said the value addition of the product had also increased from 35,000 MT in 2006 to about 145,000 MT in 2016. He said the African Cashew industry could benefit immensely by capturing the value of its raw nut production through increasing processing on the continent. The Minister noted that in West Africa, the country had a comparative advantage due to its continuous investment in Cashew research by the Ministry of Food and Agriculture and the Cocoa Research Institute of Ghana. “This has resulted in a high productivity and quality of the cashew crop. Ghana has 14 installed raw Cashew nut processing units, with a total capacity of 68,000 MT.

However; only about 15,000 MT of raw cashew processed in two of the 14 processing units. He said government had made commitment to the promotion of agriculture and pledged to spread industrialisation across the country, on the “one district, one factory” policy. “Government is also putting in place a cashew board to govern and regulate the cashew sector as well as to develop favourable policies to leverage existing efforts and promote investment in the sector”, he added.

Dr Adama Coulibaly, Director in charge of Cashew Regulatory Body in Cote d’ Ivoire commended the country for signing onto the convention and expressed the hope that the gesture would support Member States to develop policies and strategies for the development of Cashew sector.

Representatives from the Ministry of Trade and Industry, Ministry of Local Government and Rural Development, African Cashew Alliance, Competitive Cashew Initiative, Ghana Export Promotion Authority, Mennonite Economic Development Association and Cashew Industry Association of Ghana witnessed the ceremony.

Source:http://www.ghananewsagency.org

Cashews recalled due to reports of glass pieces in package

Star Snacks Co. is recalling two lots of cashews due to the potential presence of glass pieces in the bag.

The recall affects Southern Grove Cashew Halves and Pieces with Sea Salt, Net Weight 8.0 oz. (227 grams) with UPC code 041498179366. The best-by date of the affected cashews is 11/27/18 and 11/28/18, printed on the bottom of the package.

They were sold at Aldi stores in the following states: Alabama, Arkansas, California, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC., Wisconsin and West Virginia.

The recall was initiated after the company received consumer reports of glass found in the product. To date, there have not been any reported injuries. Potentially impacted product has been removed from store shelves.

Consumers who have purchased the product in question are urged not to consume this product and may return the product to their local ALDI store for a refund or dispose of the item. Consumers with questions may contact Star Snacks at 201-882-4593 or RecallFEQ01@gmail.com, Monday-Friday 9 am – 2 pm EST.

Source:http://nbc4i.com

GEPA demands cap on cashew export

The Ghana Export Promotion Authority (GEPA) has asked the central government to place a cap on the volume of raw cashew that can be exported from Ghana. Chief Executive Officer (CEO) of GEPA, Gifty Klenam made the call on Friday, 2nd June, this year, in Accra, saying it has become imperative for government to impose limitation. Ms Klenam, speaking to the media at her office, said if government cannot place a cap on raw cashew export, then it should surcharge it as an alternative.

That, she said, was because about 90 percent of Ghana’s cashew were being exported raw by foreigners, particularly Indians, Vietnamese, Lebanese, among others, without leaving any significant quantity for local companies, who want to do value addition. The cashews are first exported to India, Vietnam and processed or shipped raw to the US and other Western markets, accordingly projecting India and Vietnam as the producing countries of the products, she disclosed.

She pointed out that the foreigners engaged in the dubious act were not repatriating the proceeds from their exports to Ghana, adding that the State was losing huge amounts of money. She said that the State is not able to create sufficient jobs for many unemployed youths in the cashew sector, as the companies that are found within the value-addition chain do not get much of the raw cashew for their production to be able to employ more persons. BUSINESS GUIDE gathered that the indigenous exporters of cashew nuts registered with GEPA were paying GHC200 per annum as contribution.

She appealed to government to ensure that a large number of raw cashews are channeled to firms locally for their operations, which stand to benefit the State.

One Exportable Product Project

She disclosed that the Authority was in the process of commencing its export promotion initiative dubbed, “one district, one exportable product project.” The project, which would begin on Wednesday, June 7, this year, with an engagement with DCEs, MCEs, Eastern Regional Minister and other key stakeholders in Koforidua, seeks to engage all 216 districts nationwide to try and identify one exportable product which GEPA can market to help raise additional funds for the State and create jobs for the masses.

Source:http://www.ghanaweb.com

Australian macadamia industry plans to remain world leader

Macadamia industry experts from all major macadamia growing regions – Bundaberg, Gympie, Glass House Mountains, Northern Rivers and the NSW Mid North Coast – will gather in Brisbane this week to hear from global macadamia expert Alwyn Du Preez and a host of Australia’s best scientific researchers.

The experts (who specialise in areas like agronomy, pest & disease and horticulture) are attending the invite-only Australian macadamia industry event (Consultants Forum) to share ideas, listen to industry updates, learn about new scientific research, technology and the latest breakthroughs and innovations across all production practices.

They will learn about new developments in the fight to control key pests and diseases including the large new research program aimed at applying Integrated Pest Management (IPM) strategies crucial for continuing market access, productivity and profitability. as well as pioneering projects like the ‘Small Tree High Productivity’ project led by Dr. John Wilkie at the NSW DPI. This project is one of the biggest horticulture projects in years, and aims to boost crop yield per hectare by manipulating trees - dwarfing rootstock, pruning techniques, tree architecture and traditional breeding.

The experts will in turn disseminate the information to the nation’s 800+ macadamia growers, helping to ensure Australia remains the world leader in macadamia production, and achieve its aim of raising productivity from around 2.4 tons per hectare to 3.5 tons by 2018.

“Our industry is in a unique position that we can bring together the majority of these key industry experts/consultants every year at this important event to discuss innovation and improvement and how we as an industry stay ahead of the game,” says the Australian macadamia industry’s productivity development manager Robbie Commens.

“These experts connect directly with the majority of Australian macadamia growers on a daily basis and are a highly trusted source of information and knowledge for growers.

“Australian macadamia kernel is an extremely high standard, enjoying a first-class reputation both here and internationally. Events like this lay the groundwork for further growth, innovation and improvement, ensuring that the industry stays at the forefront of world production.”

Mr. Commens said one of the highlights of the 2018 event will be the information session about the new IPM project, funded by Horticulture Innovation Australia Limited using the research and development macadamia levy and funds from the Australian government.

“Pest management strategies in the past have tended to prioritise a single pest species, however this project aims to deliver a strategic IPM program for a variety of pests found in macadamia orchards.

“This is a new collaborative approach to IPM, involving state departments (NSW DPI and QDAFF), universities, commercial operators, consultants and industry stakeholders.”

Mr. Commens said attendees are also looking forward to hearing from South African macadamia expert Alwyn Du Preez.

“Alwyn has an outstanding reputation in the global macadamia industry, and over a decade of experience in macadamia production in South Africa, including with leading South African processing company Golden Macadamias.”

Australia is the world leader in macadamia production, largely due to its strong investment in research & development and marketing, made possible by an across-industry levy.

“Projects like the ones that will be showcased at this event are absolutely essential for ensuring the macadamia industry remains a strong and successful industry now and into the future,” says Mr. Commens.

www.australian-macadamias.org

Cambodian cashew prices see slight drop in May

Cashew nut prices in Cambodia seem to have fallen slightly at the end of harvest season compared to March this year, according to the cashew nut association in Kampong Thom province. 

Association president Oum Uon said prices for raw cashew nuts dropped from 7,000 riel ($1.75) per kilo in March to about 6,000 riel ($1.50) in May.

Processed cashew nuts are selling from $15 to $17 per kilogramme, with prices higher in Cambodia than in export markets, he added. Mr Uon said only South Korea and Japan were the current export markets for his association.  

“The 20 members of my association could purchase up to about 15 tons of cashew nuts this year for sale domestically and for export,” Mr Uon said.

“However, the demand of the Korean and Japanese markets is up to 100 tons per year.”

Say Mengly, director of Solar Phum Yeung and Cashew Plant at Kampong Thom province said that the price was hike due to the high demand from Vietnam. He said that this year, he purchased to about 300 tons which is double amount compared to last year while the price was $2 per kilogram.

“The price of cashew nuts was $2 per kilogramme in March, but now it was about $1.5 per kilogramme,” he said.

“Historically the price of cashew nuts in Cambodia reaches $2 or $2.5 per kilogramme.”

Source: khmertimeskh.com

Cashew growers brace for fall in prices

Cashew nut prices seem to have fallen slightly at the end of harvest season compared to March this year, according to the cashew nut association in Kampong Thom province. Association president Oum Uon said prices for raw cashew nuts dropped from 7,000 riel ($1.75) per kilo in March to about 6,000 riel ($1.50) in May. Processed cashew nuts are selling from $15 to $17 per kilogramme, with prices higher in Cambodia than in export markets, he added. Mr Uon said only South Korea and Japan were the current export markets for his association. “The 20 members of my association could purchase up to about 15 tonnes of cashew nuts this year for sale domestically and for export,” Mr Uon said.“However, the demand of the Korean and Japanese markets is up to 100 tonnes per year.”

He said that there is high demand for processed cashew nut abroad, but his association does not have a budget to purchase cashews to store for processing to fill the demand. Say Mengly, director of Solar Phum Yeung and Cashew Plant at Kampong Thom province, described prices as “acceptable compared with previous year”. He added that the price was hike due to the high demand from Vietnam. He said that this year, he purchased to about 300 tonnes which is double amount compared to last year while the price was $2 per kilogram. “The price of cashew nuts was $2 per kilogramme in March, but now it was about $1.5 per kilogramme,” he said. “Historically the price of cashew nuts in Cambodia reaches $2 or $2.5 per kilogramme.”Mr Mengly said processed cashew nuts were selling for $11 per kilo, and he planned to purchase double the amount for the next harvest season if there is support from the private sector. He said his company has exported processed cashew nuts mostly to Netherlands, India, China and Vietnam.

Thiv Vanthy, director of the agriculture department in Kampong Thom, said the demand for cashew nuts is increasing year-on-year. He called on the private sector to enter into contracts with farmers to produce cashew nuts for export. “We always help promote new technology on growing, harvesting and storage to farmers,” Mr Vanthy said. “Our experts always come to help them.”  Mr Vanthy agreed that prices had dropped at the middle and end of the harvest season compared to the early harvest season but said the price was still good for farmers.

Source:http://www.khmertimeskh.com

Cashew production in Vietnam predicted to drop nearly 20%

Le Van Duc, deputy head of the Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD), blamed the yield decrease on unseasonal rains in January-March, which destroyed cashew flowers. The country’s total cashew nut output is forecast to hit over 252,000 tonnes in 2017, decreasing nearly 52,000 tonnes compared with the previous year’s figure. The amount meets only around 15-20 percent of businesses’ demands for raw cashew nuts.A report released by the MARD shows that cashew output in the southern province of Binh Phuoc contracted by about 17.41 percent per ha; southern Ba Ria-Vung Tau province, 15.13 percent; and the Central Highlands province of Lam Dong, over 50 percent.In 2016, cashew nut was Vietnam’s major farm produce, only behind coffee in terms of export value. The country shipped 348,000 tonnes of cashew nuts for 2.84 billion USD, up 5.6 percent in volume and 18.4 percent in value from a year ago.

source: english.vietnamnet.vn