Vietnam exported 3.52 billion USD worth of cashew nuts in 2018, surpassing India and Brazil to rank first in the world in cashew processing and export.
The domestic cashew industry would continue to face difficulties in processing and trading cashew nuts next year, according to the Vietnam Cashew Association (Vinacas).
Farmers in Binh Phuoc province, the country’s largest cashew producer, are facing unfavourable weather and the possibility of a poor harvest during the current blooming season.
Vietnam sustained its position as the world’s leading cashew processor and exporter in 2018, yet the country still suffered from certain losses, so the sector must strive to regain what it lost in 2018 and improve its export value in 2019, according to insiders.