The Vietnam Cashew Association (Vinacas) proposes solutions to overcome difficulties for the cashew industry
Cashew Nut Kernel
Vietnam
Published Jul 28, 2023
Tridge summary
Vietnam's cashew industry is projected to see a decrease in growing area in 2023, but an increase in output. Despite challenges such as lower raw material prices and low purchasing power in key markets, cashew exports have remained positive. To promote cashew exports, the Vietnam Cashew Association suggests finding new markets, improving product quality, and investing in technology and equipment.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
According to the Vietnam Cashew Association (Vinacas), in 2023, the total cashew growing area in the country will reach about 320,000 hectares, down 2,300 hectares compared to 2022. However, the output is expected to reach 345,000 tons, an increase of 3,300 tons. The average yield reached 1.15 tons/ha, an increase of 30 kg/ha. In the first 6 months of the year, Vietnam imported about 1.44 million tons of raw cashew, worth about 1.8 billion USD, up 19.79% in volume and 5.16% in value. Currently, the amount of raw materials of enterprises is basically enough for production until the end of this year and the first quarter of 2024. Also in the first half of 2023, enterprises exported more than 279,000 tons of cashew nuts of all kinds, export turnover reached about 1.6 billion USD, up 9.49% in volume and 7.65% in value. Thus, despite many difficulties and challenges, cashew kernel continues to be one of the key export agricultural products, maintaining positive growth and belonging to ...
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