Nuts

Cashews: first crop estimates from Vietnam

January 11, 2021 4:15 PM, Der AUDITOR
Play report as audio

HANOI. The Vietnam Cashew Association has issued a first forecast for the RCN crop in 2021. In addition, the association calls for investments in modern technologies.

Export increases being planned

As reported by the Vietnam Cashew Association (Vinacas), the country's cashew exports reached a turnover of USD 3.188 billion in 2020, accounting for 8.2% of the export turnover of the entire Vietnamese agricultural sector. The export plan of the Ministry of Agriculture and Rural Development foresees further increases in 2021: With 3.6 billion USD, the turnover is to be increased by another 12.9%. Furthermore, according to the Ministry of Agriculture, the area under cultivation this year is 297,000 ha, so that the crop of

View related articles

Go to the News Overview
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021
SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021
REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021
ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.