Conference seeks to redefine global cashew supply chain

The 13th Vinacas Golden Cashew Rendezvous in Đồng Hới City to discuss ongoing industry issues and new ways ahead for the global cashew industry has attracted more than 370 delegates from 40 countries and territories. Organised by the Việt Nam Cashew Association (VINACAS) and the Vietnam Trade Promotion Agency, the two-day conference starting on February 27, part of a national trade promotion programme, also seeks to promote cashew trade and expand markets. Phạm Văn Công, chairman of VINACAS, said the global cashew industry, including Việt Nam’s, experienced difficulties last year from geopolitical crises, monetary tightening by central banks, inflation, lower demand in key markets, and consumers tightening their purse strings. But Việt Nam managed to export 645,300 tonnes of cashew kernels for US$3.58 billion last year, increases of 24.3 per cent and 19 per cent. Prices fell to a low level by the end 2023 after significantly dropping in previous years, he said. The price of raw ...