VN positioned as number-one cashew exporter
VGP – Under the latest announcement of the Việt Nam Cashew Association (VINACAS), Việt Nam wins the world championship in exporting cashew nut, with the export volume of 167,000 tons and the turnover of US $920 million.
March 25, 2009 8:20 AM GMT+7
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Bình Phước Province, widely considered as the metropolis of the product, exported about 13,000 tons and earned over US $70 million last year.
With 23,000 tons and US $104 million in the earliest two months, Việt Nam’s export of cashew nut was on the rise, up 12% and 6% respectively compared to the same period last year.
However, VINACAS predicts a possible decrease due to declining demands of major importers in the US, EU, and China.
In addition, owing to negative impacts of bad whether, the yield is estimated to stand around 200,000 to 250,000 tons of cashew nut.
By Kim Loan
