Vietnam organises cashew-themed ‘rendezvous'

The Vietnam Cashew Association (Vinacas) will organise an international conference on the development of the cashew industry in Ba Ria - Vung Tau province from May 15 to 17.
The Vietnam Cashew Association (Vinacas) will organise an internationalconference on the development of the cashew industry in Ba Ria - VungTau province from May 15 to 17.

Some 200 organisations from all over the country are expected to attend along with researchers and buyers from many countries.

Besidesspeeches and dialogues at an open forum, Vinacas will encourage andenable partners, including buyers and sellers, to work "intimately" tofind business opportunities and increase business volumes.

"Privateconversation" is an initiative by Vinacas to enable businessnegotiations and boost volumes for its members and foreign partners.

Lastyear its members exported a total of 252,561 tonnes of cashew kernelfor 1.57 billion USD, up 26 percent in volume year-on-year and 19.58percent in value.

The association estimates that in 2014 exports will be around 180,000 tonnes of kernel, earning approximately 1.5 billion USD.

Inthe first quarter of this year, 51,000 tonnes were shipped for 319million USD, a 19.11 percent rise in volume and 21.6 percent increase invalue.

A Vinacas official said the conference offered atremendous opportunity for producers and exporters to meet face-to-face,the best way to do cashew business, and so his association wanted tocall it "Golden Cashew Rendezvous 2014".

Importers of Vietnamesecashew usually buy through brokers, and by holding the conferenceVinacas is trying to get customers to come and buy directly from cashewbusinesses.-VNA

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