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  • Cashew market after volatile Remains Proposed referendum on United Kingdom membership of the European Union

    Jul 11th, 2016

    <p></p><p>The country's exports for the first half kernel of 2016 jumped 4.4% in volume and 11.1% in value to the first khi sánh half of last year, says the Vietnam Cashew Association. In most nó Recently released report, Overseas Association figures show cashew kernels Consignment of January-June for the six-month period at 156,000 metric tons tallied in Valued at US $ 1.2 Billion. <br></p> <p>The market sẽ largely Remain unaffected by the UK's Decision to exit the EU over the long-term, said Nguyen Duc Thanh, Chairman of the Association, in a recent speech, Although it is certainly being hit hard as a result of currency fluctuations in the short-term. The country is still on track to hit this year's plan to process 350,000 metric tons and exported at US $ 2.5 kernels of Billion of Revenue, he said, though có prospect is Becoming increasingly more unlikely. <br></p> <p>Proposed referendum on United Kingdom membership of the European Union market after volatile Remains cashew hinh The Chairman underscored the Importance for the industry as a whole cashew and Agriculture in general to beef up the country's efforts into to Strengthen sanitary and phytosanitary national framework. The benchmarks for the industry as set forth by the International Standards Organization (ISO) in place since 2009 past tense, said Mr Thanh, but recent theo official one study, only 22 out of 371 surveyed smallholder Farmers in the country meet with những Standards . <br></p> <p>With the Vietnam-EU free trade agreement through the ratification way nó winding process and still on target for an implementation in 2018, there is no issue of greater Importance for Cashew Farmers. The EU health and safety are some of the strictest Standards in the world and even level tariff Barriers come down khi as a result of the trade deal, an inability to comply with ISO rules như những Pesticide residue levels acceptable Regulating Prevent sẽ có exports from entering EU commerce. <br></p> <p>"To fully capitalize on the potencial - and to be competitive - cost product coming from production environments như Vietnam, phải những meet high Quality standards," said Chairman Thanh. He added: "The EU is a huge economy and therefore presents great opportunities for not only all of the country but Cashews's ag our producers. As We speak, Agricultural exports to the EU are on the rise and boosting food safety is crucial for the country's smallholders to fully enjoy the access to it. The competition is tough from African nations and African smallholders are now looking to re-ignite trade in the EU, with many already having signed the free trade Agreements have gone Into effect eliminating có Tariffs on imports cashew and other ag. They are putting in place major cũng food and safety projects in an all-out effort to sanitary and phytosanitary Strengthen có-related Institutions and lập a larger footprint for Themselves in EU commerce.</p><p> The country's industry faces both Show with putting continual Challenges in place the frameworks and Procedures for Legislative cần an implementation, said Mr Thanh, basic requirements for building our producers and exporters nó Among capacity to take full Advantage of access to the EU economy. "The best way to Promote the country's cashew industry is to shift the focus from price to quality," said Thanh, adding the market khi có Happens Will Remain Most likely unnecessarily volatile.<br></p><p></p>


    Source: VOV
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