Viet Nam hopes to ship 95,000 tonnes of cashew in the second half of the year, bringing the year's total to 210,000 tonnes, an increase of five per cent over last year, according to the Viet Nam Cashew Association (Vinacas).
Speaking at a conference held in HCM City last Saturday to review the industry's first-half performance, Dang Hoang Giang, Vinacas general secretary, said some 115,000 tonnes of cashew worth US$716 million was exported in the first half of the year.
Though there are plenty of cashew nut trees in Udupi, especially in the hilly regions of Brahmavara and Kundapur, cashew processing industry is facing acute shortage of raw material. There are about 229 cashew nut processing factories in the district and these factories depend on cashew nuts imported from South Africa,Vietnam and other countries.
In an effort to save the cashew industry, local authorities have been moving ahead with the special plans to develop cashew growing areas.Cashew nuts were once the key export item of Vietnam. However, Vietnamese farmers recently have given up farming because the profits from cashew gardens cannot feed them.
Cashew processors and exporters are facing problems like short supply, high raw material prices, and falling export prices, Thoi bao kinh doanh newspaper reported.
This year's cashew harvest was completed last month, with the Ministry of Agriculture and Rural Development saying output was down 20-50 per cent from a year ago due to unseasonable rains at the end of last year.
According to GDC, the first quarter of 2013, the export volume of the country is estimated at 43 125 tonnes, valued at U.S. $ 262.15 million, up 15.4% and increased 1.84% in value the same period in 2012. The U.S. is the largest market of Vietnam cashew, accounting for 25.15% of total turnover, with 65.93 million, followed by the market turnover of over 10 million dollars in the first quarter include: China China 52.17 million, accounting for 19.9%, Netherlands 28.92 million, accounting for 11%, Australia 17.64 million, accounting for 6.73%, Russia 12.8 million, accounting for 4.88%
China has always been gaining the upper hand in doing business with Vietnam. Experts believe that Vietnam has been yielding to the big foreign partner on many issues.
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.