Vietnam State Bank has just replied in act as a respond to the official letter 120/UBND-KT dated January 11th, 2013 by the PPC on removing difficulties for enterprises producing and trading cashew nuts in Phu Yen. Accordingly, enterprises meeting the conditions but not yet making bank loans need to have acts to report to the State Bank for consideration and treatment. In the past years, one of the main forced sectors in Phu Yen is producing cashew nuts for export. Annually, these enterprises solve 100,000 laborers, particularly those in rural areas, contributing to increasing income, improving livelihood. However, due to the negative impacts from the world economic depression, bank interests are still high, consumed markets are narrowed, prices are drastically decreased, stocked commodities are large…, which all make the province's cashew nut enterprises meet with numerous difficulties. Despite the fact that the province has resorted to lots of solutions so as to … [Read more...] about Removing difficulties for enterprises producing and trading cashew nuts: State Bank joins
(VEN) - During the 2009-2012 period, the Vietnam Cashew Association (Vinacas) exported 750,000 tonnes of cashew nuts and 110,000 tonnes of cashew oil, achieving an export value of US$4.7 billion. However, the sector is facing a lot of difficulties that need immediate solutions. Medium economic achievements According to Vinacas, enterprises such as Thao Nguyen, Nhat Huy, Donafoods, and Don On Foods already engaged in the processing of cashew nuts have had their products enter US, Canadian, Thai, and Chinese distribution channels. According to the Ministry of Agriculture and Rural Development, the total area devoted to cashew nut growing decreased and produced unstable yields during the 2009-2012 period, only about 1.15 million tonnes per ha and about 40 percent of the total area created sufficiently high yields. The reasons for these shortcomings were due to lower economic returns from the nuts in comparison to other forms of plants while the construction of industrial … [Read more...] about Cashew nut exports hit US$4 billion
VietNamNet Bridge - Tens of cashew nut exporters incur losses, while the Vietnam Cashew Association (Vinacas) has fallen into complete mess. It's still unclear about the future of the Vietnam's cashew industry. Only 50 percent of invited members were present at the eighth conference of Vinacas held on December 21. It was a burning conference, where participants quarreled noisily, a signal showing that the members were in serious divergence. … [Read more...] about Vinacas drives cashew nut exporters to death?
VietNamNet Bridge - There are two big problems that cashew exporters are facing: lacking capital and lacking materials, which may make the target of exporting 1.4 billion dollar worth of products in 2011 unreachable. Low output anticipated … [Read more...] about Material shortage causes headache to cashew nut exporters
According to the Ministry of Agriculture and Rural Development, exports of processed cashew nuts reached an estimated 30,000 tons for December with a value of US$302 million, bringing total exports for 2017 up to 353,000 tons worth US$3.52 billion, a rise of 1.9% in volume and 23.8% in value against 2016.The US, Netherlands, and China remained the three largest consumers of Vietnam’s cashew nuts in 2017 with market shares of 35%, 15.6%, and 12.9%, respectively. Markets reporting strong growth include Russia (up 56.3%), the Netherlands (up 44.7%), Thailand (up 41.4%), the US (up 27%), the UK (up 24.8%), and Israel (up 13.5%).The sharp rise in export turnover was attributable to the increasing demands of the world market and a decline in material supplies from major producing countries, such as Vietnam, thus sending the global price of cashew nuts and that of Vietnam’s exports soaring high. The export price of processed cashew nuts jumped by 22.3% on average to around … [Read more...] about Cashew nut exports hit record high of more than US$3.5 billion