Conference seeks to redefine global cashew supply chain

Cashew Nut Kernel

Panama

Published Feb 29, 2024

Tridge summary

The 13th Vinacas Golden Cashew Rendezvous in Đồng Hới City, organised by the Việt Nam Cashew Association (VINACAS) and the Vietnam Trade Promotion Agency, has gathered over 370 delegates from 40 countries to discuss the global cashew industry. Despite challenges, Vietnam exported 645,300 tonnes of cashew kernels for US$3.58 billion in 2021. However, the industry faces risks such as factory closures and potential neglect of cashew trees. The conference aims to propose solutions for sustainable development. Additionally, VINACAS and the Cashew Exporters Association of Ivory Coast have signed an agreement to enhance cooperation and improve the cashew value chain.

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Original content

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 ...

Source: WTOCenter