The Vietnam Cashew Association (Vinacas) has advised firms to pay attention to ensuring quality and food safety to avoid unnecessary export-related risks. Vinacas Chairman Pham Van Cong has stated that the exports faced many difficulties in the first half due to the impact of inflation, economic recession and conflicts between countries. However, from the third quarter onwards, the market has been picking up, with the two major ones – the US and China – increasing their imports contributing to the growth in both export volume and value.
Between January and September, 456,000 tons of cashew nuts were sold abroad for 2.6 billion USD, up 19.6% and 14.3% year-on-year, respectively. According to the association, the demand for cashew nuts in the last three months of the year will increase in all markets, especially the US and the EU, to meet holiday and festive season demand, driving further growth in Vietnam’s exports of the product.
Source: en.vietnamplus.vn