In contrast to the prediction that the Vietnam Cashew Association (Vinacas) made previously, in the two provinces with the largest area under cultivation nationwide, Binh Phuoc and Dong Nai, cashew is being purchased for the business 30,000 VND/kg, an increase of about 7,000 VND/kg.
Though Viet Nam maintained its position as the world's top cashew nut exporter after attaining exports of US$1.45 billion last year, analysts are not confident about the cashew industry's sustainable development because of its lack of competitiveness and decrease in yield.
Viet Nam’s cashew exports in 2013 will be the same as last year at about 220,000 tonnes, according to the Viet Nam Cashew Association (Vinacas). Speaking at a conference in HCM City yesterday, Nguyen Van Chieu, Vinacas deputy chairman, said enterprises exported 18,479 tonnes of cashew worth US$109.7 million in January.
India's raw cashew nut crop, despite late flowering, is likely to be higher by 15 per cent this year — close to 800,000 metric tonnes as against 693,000 metric tonnes in 2012.
After attending the 2012 ArgoViet fair, The Public Science newspaper posted an article about VIETNUTS on 16/11/2012
Cashew market was steady with a firm undertone last week and witnessed reasonable activity with Europe and the US and some sales were reported to off markets as well.
After two weeks of decent activity, cashew market was a bit quieter in Week 43 but with a steady to firm undertone. There continues to be good interest for W240 & W320 at the last traded levels but most processors are asking few cents more. There was some activity in other grades which is a welcome change from the last several weeks when most grades were neglected. Activity picked up in Indian domestic market with a reasonable (not large) uptick in price for good quality product
This month, Mim Cashew is set to be officially certified under the ACA Quality and Sustainability Seal. The Ghanaian processor, with facilities in the Brong-Ahafo region of the country, will be the second company to receive this approval, following the inaugural certification of Tolaro Global in May of this year.
The cashew market remained unchanged last week with some slight pick up in enquiries not translating into actual business. There was reasonable buying interest at the lower end of the range for nearbys as well as forwards but selling interest at the lower levels was limited.
Vinacas just adjust the plans to export the whole year 2012 in the direction of cashew kernel exports in 2012 to about 190,000 tons, worth about $ 1.3 billion U.S