Cashew production forecast to drop nearly 20 percent in 2017

Vietnam is expected to harvest only 0.87 tonnes of cashew nuts per ha in 2017, 0.21 tonnes or nearly 20 percent less than 2016’s output per ha, heard a conference in Ho Chi Minh City on June 1.
Cashew production forecast to drop nearly 20 percent in 2017 ảnh 1Illustrative image (Source: VNA)
HCM City (VNA) – Vietnam is expected to harvest only 0.87 tonnesof cashew nuts per ha in 2017, 0.21 tonnes or nearly 20 percent less than2016’s output per ha, heard a conference in Ho Chi Minh City on June 1. 

Le Van Duc, deputy head of the Department ofCrop Production under the Ministry of Agriculture and Rural Development (MARD),blamed the yield decrease on unseasonal rains in January-March, which destroyedcashew flowers.  

Meanwhile, local farmers have neglected extremeweather developments and diseases on cashew trees, said participating businesses. 

A report released by the MARD shows that cashewoutput in the southern province of Binh Phuoc contracted by about 17.41 percentper ha; southern Ba Ria-Vung Tau province, 15.13 percent; and the CentralHighlands province of Lam Dong, over 50 percent. 

Representatives from cashew-growing provincessaid the bad harvest was more noticeable in reality as several localities have yieldedzero. 

Therefore, the country’s total cashew nut outputis forecast to hit over 252,000 tonnes in 2017, decreasing nearly 52,000 tonnescompared with the previous year’s figure. The amount meets only around 15-20percent of businesses’ demands for raw cashew nuts. 

Given this, Nguyen Trung Anh, director of theresearch and development centre of PAN Group, suggested local farmers pay moreheed to intensive cultivation and technological improvement. 

Nguyen Duc Thanh, Chairman of the Vietnam CashewAssociation (VCA), said the unexpected reduction may affect business plans ofcashew processors. 

To ensure sustainable development for the cashewsector in the time ahead, he suggested the MARD adjust the national cashewdevelopment strategy until 2020 by expanding the cashew area from 340,000 ha to400,000 ha. 

MARD Deputy Minister Le Quoc Doanh urged the VCAto boost its connectivity with localities and farmers to ensure stable cashewproduction areas. 

In 2016, cashew nut was Vietnam’s major farmproduce, only behind coffee in terms of export value. The country shipped348,000 tonnes of cashew nuts for 2.84 billion USD, up 5.6 percent in volumeand 18.4 percent in value from a year ago.-VNA

VNA

See more

Delegates at the event (Photo: Ministry of Finance)

ASEAN meeting to drive regional cooperation, growth by removing barriers

Running from November 5–11, CCS 111 focuses on advancing service liberalisation and facilitation in ASEAN by removing barriers, enhancing transparency, reducing policy risks, and simplifying administrative procedures to enable businesses and service providers to operate more efficiently.

Goods at Hai Phong Port in northern port city of Hai Phong. (Photo: VNA)

Vietnam determined to build transparent global trade system

The Government of Vietnam on November 6 updated the World Trade Organisation (WTO)’s Committee on Rules of Origin (CRO) on adjustments to the agencies and organisations authorised to issue certificates of origin (C/O), as well as on the application of QR codes in the C/O issuance process.

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations (Photo: VNA)

Vietnam opens largest int’l semiconductor exhibition

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations such as Lam Research, Coherent, Qorvo, Amkor, GlobalFoundries, Micron, Tokyo Electron, KLA, STMicroelectronics, Soitec, and Siemens.

Consumers learn about Hanoi's OCOP products. (Photo: VNA)

Hanoi launches digital booths to promote e-commerce

Hanoi will open an online store showcasing Hanoi's products on the e-commerce platform Shopee. It will introduce digital tools such as electronic signatures, e-contracts, e-invoices, and product traceability systems for local producers and businesses participating in the booth.

Loading rice for export at a port in Vietnam (Photo: VNA)

Exports hit new records following strong momentum

Vietnamese enterprises have set records across multiple areas, demonstrating strong export momentum that not only expands trade but also reinforces Vietnam’s position in global supply chains.

Products are promoted at the event. (Photo: VNA)

Vietnam connects resources to boost innovation, sustainable development

The Vietnam Innovation Summit, an annual international forum organised by InnoLab Asia, not only discusses policy and trends but also serves as a global bridge, bringing knowledge, resources, and cooperation opportunities from advanced innovation ecosystems worldwide to Vietnam.

Experts discuss at the seminar. (Photo: VNA)

CPTPP - Growth lever amid reciprocal tariff: Experts

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is one of the first new-genereration free trade agreements (FTAs) to take effect, playing a vital role in Vietnam’s export growth, especially amid the impacts of the US’s tax policies, according to insiders.