Vietnam: The cashew industry finds a new direction after the pandemic
Cashew Nut Kernel
Vietnam
Published Jul 22, 2022
Original content
After the COVID-19 pandemic, the conflict between Russia and Ukraine occurred... causing the price of raw materials and fuel to rise, transportation and logistics prices also skyrocketing, causing many difficulties for the cashew industry. In that difficulty, in order to survive and develop, Vietnam's cashew industry must make efforts to find new directions. * Difficulties pile up According to statistics of the Ministry of Agriculture and Rural Development, in the first 6 months of the year, cashew export turnover reached 1.5 billion USD with more than 249,000 tons, down 9.1% in volume, down 9 .2% in value over the same period in 2021. These two factors make many orders signed in 2021 but still not delivered, having to be backlogged until 2022. Although businesses still run orders in in 2022, but they are old applications of 2021. Mr. Tran Van Hiep - Vice President of VINACAS informed that the average export price reached about 5,792 USD/ton, up 1.45% over the same period in 2021. ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.