Reconfigure the global cashew supply chain to prevent disruptions

Published 2024년 3월 4일

Tridge summary

The International Cashew Conference is addressing challenges in the global cashew supply chain, including the impact of Covid-19, global conflicts, inflation, and declining consumer purchasing power. The industry has seen a significant decrease in the export price of Vietnamese cashew kernels, leading to business losses. The International Nut and Dried Fruit Council plans to increase global consumption, promote health research, and improve market access. Meanwhile, the Ivory Coast, the world's leading raw cashew producer, is attracting investment in the cashew processing industry despite a decline in cashew nut prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Speaking at the conference, Pham Van Cong, Chairman of VINACAS, stated that since its inaugural event in April 2008, the International Cashew Conference has always been a crucial trade promotion event for the Vietnamese cashew industry, serving as a "golden rendezvous" for global cashew entrepreneurs. The event aims to promote the brand of Vietnamese cashew products, boost exports, stimulate consumption, and build and strengthen sustainable, long-term relationships among businesses, the Vietnamese Cashew Association, and the world. Numerous risks In 2022, 2023, the global supply chain, including the cashew industry, has gradually recovered from the Covid-19 pandemic. However, alongside the severe aftermath of the pandemic, the global economy and society have been significantly affected by the conflicts between Russia-Ukraine and Israel-Hamas. High inflation worldwide, central banks implementing tight monetary policies, stagnation in the global economy, and declining consumer ...

Source: WTOCenter