Cashews: producers forced to sell at a loss

August 10, 2020 1:00 PM, Der AUDITOR
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HANOI. Cashew prices have fallen so sharply in recent months that some manufacturing companies are selling at a loss. There is also a large gap between domestic and export prices.

Producers forced to sell at a loss

Reports state that RCN production has sharply declined in Vietnam between May and August. Problem is that many companies were forced to close or to cut staff. Although supplies are very much limited, prices have so far failed to rise sharply. In some cases, producers have to sell at a loss. The Vietnam Cashew Association (Vinacas) therefore advises smaller companies in particular to refrain from buying RCN at this time if possible. RCN prices are so high they frequently cannot be compensated with selling processed nuts. In addition

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