Vietnam will be the world's top exporter for 12 consecutive years

The Vietnam Cashew Association (Vinacas) is aiming to hold the world's top export item for 12 consecutive years. It is quite possible that in 2016, Vietnam's cashew industry will continue to hold the leading position in the world, accounting for 50% of processed cashew and over 60% of global cashew nut.

Nguyen Duc Thanh - Chairman of Vinacas, said at the press conference of the International Conference in Vietnam in 2017, in Ho Chi Minh City on the afternoon of 3.11.

According to Vinacas, in 2016 domestic cashew processing enterprises processed 1.5 million tons of raw cashew nuts, exported over 348,000 tons of cashew nuts and exported $ 3.1 billion (including $ 2.84 billion cashew nuts, the rest are by-products of the thing). Export value ranked second in Vietnam's five major export commodities including coffee, cashew, vegetables, rice and pepper.

2016 is the 11th year in a row Vietnam cashew nut is the world's leading cashew nut exporter. In 2017, according to the Center for Industry and Commerce, exports of cashews increased both in quantity and value compared to 2016. Specifically, in the first 10 months of the domestic industry reached 294,000 tons and 2.94 billion USD, up 0.4% in volume and up 25.6% in value over the same period in 2016.

The United States, the EU and China have maintained the three biggest cashew import markets of Vietnam, accounting for 35%, 25% and 15% respectively of cashew nut exports.

Earlier, at the Sustainable Farming Conference last October, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh, head of the sustainable cashew project, said that the cashew industry in the country has never seen such a difficult situation. In the summer of 2017, yields and yields fell, although the statistics were not accurate.

This means that the processing technology of Vietnamese cashew nuts is very good but also presents a big risk as most of the enterprises have to import raw materials from distant countries for processing. At the same time, there is still a large domestic market where the actual production of raw materials has not met the demand.

Deputy Minister of Trade, 2016 - 2017 has warned about the deterioration of cashew orchard health if there are no measures to speed up crop production, especially when the new season is near. While overseas markets, most competitors are also booming from processing technology to intensive farming.

"As one of the most effective associations in Vietnam, Vinacas and the business community have a responsibility to work with farmers to reduce the risk of climate change, Technical support step by step towards re-farming, intensive farming to improve productivity and stabilize the position of the domestic industry, "Deputy Minister of Business.

Mr. Thanh said that in 2018, Vinacas will continue to go along with farmers and businesses to encourage green production, clean processing, deep processing, development of domestic market and export support to bring total commercial value The cashew nut industry is about $ 3.5 - $ 3.7 billion.

In the export plan, according to Vinacas, despite many difficulties, in 2017, the whole industry still strives to export 330,000 tons of cashew nuts of various kinds with export turnover of cashew nut products of over USD3.3 billion. of which USD 3 billion is exported. This is considered the highest level ever.

"In an effort to overcome the difficulties, in 2017 the sector will continue to maintain market share over 50% of total global cashew exports (about $ 5.5 billion). Vinacas is confident that 2017 will be the 12th year in a row that Vietnam is the world's number one processing and exporting company, "Thanh said.

Organized for the first time in 2008, the International Cashew Conference in Vietnam is the biggest event of the year for cashew industry in the country and the world. This year, with the theme "Talking about cashew nuts, thinking of Vietnam", the 9th International Cashew Conference in Vietnam will be held from 13 to 15.11.2017 in Phu Quoc island district, Kien Giang province. It is expected that there will be 400 domestic and international guests from 40 countries and regions in the world participating in this year's international conference.

The event aims to promote trade promotion, expand trade and develop the market for cashew products; It helps farmers improve their income and cashew processing businesses to develop production and business, contributing to the stability of the sector.

Source: Source: Dan Viet Newspaper