Vietnam Cashew Association Predicts Rise In Cashew Nut Price In 2015

HO CHI MINH CITY, Oct 3 (Bernama) -- The Vietnam Cashew Association (Vinacas) has forecast an increase in the price of raw cashew nuts next year due to growing demand for export and processing purposes, Vietnam News Agency (VNA) reported.

Vinacas called on domestic cashew businesses to ensure quality control and sticking to delivery dates, and for producers to use sound cultivation techniques to improve quality of nuts.
During the first eight months of this year, export volume for processed cashew nuts reached 198,743 tonnes worth US$1.29 billion.
The figure represents a rise of 20.2 per cent in volume and 21.5 per cent in value compared to the same period last year.
Vietnam has 338 cashew nut processors which export their products to more than 80 countries and territories worldwide.
The US, China and the Netherlands are Vietnam's largest importers of cashew nuts.
Cashew nut exports earned US$1.8 billion in revenue last year.
-- BERNAMA