Wednesday, March 07, 2007

Vietnam: 2007: A bumper year for cashew farmers
The amount of cashews produced in Viet Nam this year will grow by 12.5 per cent, according to the Viet Nam Cashew Association.
The organisation estimates producers will harvest 350,000 tonnes of cashew nuts in 2007, with 50,000 tonnes imported from Cambodia, to meet processor’s needs.
Pham Van Cong, deputy head of the association, said companies will not face a shortage of cashews because producers in Binh Phuoc, Dong Nai, Binh Duong and Binh Thuan provinces are yielding more of the crop than ever.
Lower export prices and larger processing costs could affect the industry negatively, said Cong.
Viet Nam’s cashews meet the World Trade Organisation’s safety regulations, but cost more than cashews from other countries, said Nguyen Thai Hoc, deputy head of the association.
Ho Van Huu, chairman of Cashew Association of Binh Phuoc Province said the price is higher because the quality of the nuts is better than in previous years. The cost of one kilogram of raw cashews is now VND10,000.
Market experts predict that Viet Nam will export 140,000 tonnes of cashews in 2007, an year-on-year increase of 10 per cent.

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