Ha Long city to host 10th international cashew nut conference
The 10th Vinacas Golden Cashew Rendezvous will take place in Ha Long city, the northeastern province of Quang Ninh, in October, according to the Vietnam Cashew Association (Vinacas).
Hanoi (VNA) – The 10th Vinacas GoldenCashew Rendezvous will take place in Ha Long city, the northeastern province ofQuang Ninh, in October, according to the Vietnam Cashew Association (Vinacas).
Nearly 500 businesses from 50 countries andterritories are expected to participate.
Vinacas will hold bilateral exchanges anddialogues among domestic and foreign cashew nut enterprises along with aworkshop on the sector’s development vision and strategies, a seminar oncleaner production of cashew nuts for the public health and a forum on thequality of imported raw cashew nuts.
The conference aims to support trade exchangesand promotion for businesses and help them expand markets as well as increaseincomes for farmers.
In 2018, the cashew nut sector aims to cutvolume while increasing quality to reach the export target of more than 3.7billion USD, about 65 percent of global export value.
Vinacas forecast the sector will enter a newperiod of development in 2019 with the building of a production value chain anddeployment of measures to increase quality, trace of origin of products, anddeep processing, and develop the domestic market to raise the trade value ofthe sector to 4 billion USD.
The first Vinacas Golden Cashew Rendezvous washeld in the southeastern province of Binh Phuoc in 2008. Two years later,Vietnam became the world’s leading exporter of cashew nuts.
Vietnam exported 141,000 tonnes of cashew in thefirst five months of 2018, raking in more than 1.39 billion USD, according tothe Foreign Trade Agency under the Ministry of Industry and Trade.
The figures showed a rise of 21.4 percent involume and 25.3 percent in value year-on-year.
In May alone, 35,000 tonnes of cashew wereexported with revenue of 330 million USD, up 8.8 percent in volume and 6.4percent in value compared to the previous month.
Export cashew price hit an average of 9,867 USDper tonne in January-May, up 3.2 percent year-on-year.
Vietnamese cashew is sold in more than 90countries and territories. The country achieved its highest-ever cashew exportsin a year in 2017 with 353,000 tonnes of cashew kernels exported for 3.52billion USD, a year-on-year increase of 1.9 percent in volume and 23.8 percentin value.-VNA
Although global cashew demand is predicted to continue rising, the Vietnam Cashew Association (Vinacas) and cashew processors and exporters are worrying about a high price trap which may affect their activities in 2018.
Vietnam’s cashew industry has targeted 300,000 tonnes of cashew exports at a value of 3 billion USD this year, a year-on-year reduction of 50,000 tonnes in volume and 500 million USD in value.
More and more Vietnamese companies are now turning to export of processed and value-added products and improving their quality to penetrate global markets.
Many cashew nut processing plants have halted operations due to a lack of materials, the Vietnam Cashew Nut Association (Vinacas) told a meeting in Ho Chi Minh City on June 15.
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Processing cashew nuts for exports (Photo: VNA) 
