As the world's largest exporter of cashew kernels, Vietnam annually imports over 1 million of the 1.4 million tonnes of raw cashew nut used for processing. Therefore, when the raw material market fluctuates, enterprises must incur such expenses as contract cancellation, late delivery, poor quality of raw materials, especially food hygiene and safety.
Our brand new product for CoopMart.
At the beginning of 2017, the price of cashew nuts increased at a speed that many companies failed to catch up. In fact, the demand for cashew nut imports in some markets in the beginning of 2017 is often high, but many processing enterprises are very cautious in increasing the processing capacity, even the opposite, and reduce capacity considered
Oil production that Vietnam exported more than 600,000 tons per year, profits of not less than 2 million / ton
Vietnam Cashew Association (Vinacas) is focusing on four key programs are: "Accompanying farmers", "Cleaner Production", "Vietnam Value thing", "Export Development". It's information at once IX Vinacas congress was held
Viet Nam's cashew exports in January jumped 15.6 per cent year-on-year to US$183 million, according to the Ministry of Agriculture and Rural Development. In volume terms, they were up 9 per cent to 24,000 tonnes.
Vietnuts now has become a famous brand in Vietnam and on sold at supermarket and international market. We cooperate with COOPMART through the forms of OEM Cashew Nuts.
Trade in raw and processed cashew nuts for the six months leading up to July of 2015 has risen sharply in both volume and value, according to the most recent statistics of the General Department of Vietnam Customs.
Vietnamese cashew now has a larger chance to enter the U.S. market, where consumers are switching to the nut from others thanks to its competitive price, according to the chairman of the Vietnam Cashew Association Nguyen Duc Thanh
The Viet Nam Cashew Association (Vinacas) reported that roughly 306,000 tonnes of locally produced cashew kernels were shipped abroad in 2014, generating more than $2 billion and representing an annual increase of 17.4 per cent. Annual revenue grew by 21.9 per cent.
Including the export of by-products, such as shell oil and other value-added products, total industry revenue reached $2.2 billion, Vinacas said, noting that the cashew export price averaged $6,553 per tonne in 2014, up nearly 3.8 per cent from the previous year.