Nut Talk

Vietnam: Cashew nut exports total 92.000 tonnes in eight months
Viet Nam exported 92,000 tonnes of cashew nuts in the first eight months of this year, fetching 375 million USD, completing almost 66 percent of this year's plan in volume and 67 percent in export value.The US remained the biggest market of Vietnamese cashew nut, which imported almost 21,000 tonnes, worth more than 86 million USD, or about 33 percent of Viet Nam 's total cashew nut export in the first eight months of 2007. It was followed by China with 11,630 tonnes, worth nearly 43 million USD.The price of cashew nut is expected to increase to 4,100 USD per tonne from 3,950 USD last year, according to the Viet Nam Cashew Association.The Ministry of Industry and Trade, revealed that about 164 businesses nationwide are involved in cashew nut export, including 26 major businesses with annual export turnovers of more than 5 million USD.In an effort to promote export in the remaining four months of this year, the Cashew Association plans to renew processing equipment and production organisation and import about 50,000 tonnes of raw cashew nut to be processed for export.