Nut Talk

Vietnam′s cashew export increases in first 10 months
Vietnam has so far this year reaped cashew export revenues of 523 million U.S. dollars, posting a year-on-year rise of 27 percent, local newspaper Investment reported Friday. The country has exported some 130,000 tons of the nuts since the beginning of this year, up 22 percent, mainly to China, the United States, Russia, Japan and the Middle East, the paper quoted the Vietnamese Ministry of Agriculture and Rural Development as reporting.Vietnam planned to increase its cashew cultivation acreage to 450,000 hectares from 350,000 hectares in 2005, with estimated annual yield of 500,000 tons in 2010, said the ministry. Vietnam is expected to earn some 560 million dollars from exporting 140,000 tons of cashew nuts in 2007, up 10.9 percent and 10.2 percent respectively against 2006, according to the Vietnam Cashew Association. Source: people.com.cn
Publication date: 10/31/2007