Vietnam exported over 206,000 tonnes of cashew nuts worth 1.19 billion USD in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported.
Vietnam’s cashew nut industry experienced a poorer-than-expected harvest this year. While it actually saw growth in exports, value declined. Disease and natural disasters counted among the causes, as did longstanding bottlenecks in productivity, output, and value, which need to be resolved quickly in order for Vietnamese cashew nuts to maintain their leading position in the market.
In the past 30 years since the establishment of the Vietnam Cashew Association (Vinacas), cashew exports have reached more than 31 billion USD, according to insiders.
Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS).
The Vietnam Cashew Association (Vinacas) has recently held a conference to review the industry’s performance in the first seven months of 2019 and seek solutions to the problems facing it.
Orientations to develop Binh Phuoc cashew nut brand was the focus of discussion at a meeting between representatives from the People’s Committee of southern Binh Phuoc province, the Dutch Embassy and the Ministry of Agriculture and Rural Development on June 14.
Unseasonal rains and the bitter cold spell in recent days may result in an outbreak of disease for cashew nut plants in Binh Phuoc province, which is dubbed Vietnam’s cashew capital.
The domestic cashew industry would continue to face difficulties in processing and trading cashew nuts next year, according to the Vietnam Cashew Association (Vinacas).
Vietnam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.
Vietnam exported 141,000 tonnes of cashew in the first five months of 2018, raking in more than 1.39 billion USD, reported the Import-Export Department under the Ministry of Industry and Trade.
Vietnam’s cashew industry has targeted 300,000 tonnes of cashew exports at a value of 3 billion USD this year, a year-on-year reduction of 50,000 tonnes in volume and 500 million USD in value.
The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development, delegates told a recent seminar in Ho Chi Minh City.
About 500,000 tonnes of material cashew nuts will be imported from now to October to serve processing and meet the targeted export volume of 360,000 tonnes of cashew nuts this year.
Southern Binh Phuoc province held an international clients conference in the cashew industry on May 16 with a view to having more cashew products reaching global markets.
Mozambique wants to learn from Vietnam experience in developing the cashew industry, Director of the Mozambique National Cashew Institute (INCAJU) IlidioAfonso Jose Bande said at a recent workshop.
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