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New regulations on food safety control make it difficult for cashew exporters in Vietnam

Cashew Nut Kernel
Vietnam
Published Aug 27, 2022

Tridge summary

High inflation in some import markets, new technical standards in food safety control for imported cashews... making it even more difficult for cashew exporters... Cashew industry is facing challenges challenge of new technical standards of the Chinese, European, American markets.

Original content

The Vietnam Cashew Association (Vinacas) said that cashew exports in 2022 will continue to face difficulties, ship freight rates are at a high level, the price of export kernels cannot keep up with the increase of raw cashew nuts, factories do not Therefore, the number of cashew kernels exported from Vietnam is forecasted to decrease in the following months, lasting until the end of the fourth quarter of 2022. Pointing out the cause, Vinacas said that when there was a war or conflict with Ukraine, Russia was under economic sanctions in the international arena, was excluded from the SWIFT payment system, causing a lot of difficulties in payment of customers. cashew exporters to the Russian and European markets. It was at the very beginning of Russia's "special operation" that many containers of goods, including cashews, were on board ships bound for Russia, most of which were transferred or located in transshipment ports, such as the port of Hamburg. Germany) or Rotterdam ...
Source: Vinacas
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