According to information from Mr. Nguyen Duc Thanh - Vietnam Trade Counselor, Embassy's Trade Office, on the afternoon of March 17, 2022, the Italian financial police issued a decision to seize 16 containers of the business. Vietnamese industry - do not deliver goods to any individual or organization even with original documents. Of the 36 containers of cashews exported to Italy, 8 have landed at Genoa port, a few containers are at Singapore port and more than 20 containers are on their way to Italy this March. So far, only about 20 containers have lost control with the set of documents. The value of each container is about 200,000 USD, totaling about 4 million USD, equivalent to about 86 billion VND. Thus, the risk of damage to Vietnamese enterprises has been minimized. (Source: VTC) The situation of cashew production and business in the first quarter of 2022 seems to be very dangerous: the price of imported raw cashew nuts is still high, with over 1,000 VND/person recovered. Cambodian and domestic goods have dropped sharply, 1200 VND/ kernel is recovered for large nuts (120 seeds/kg) and over 1000 VND/ kernel is recovered for small seeds (the above price is for dry goods, moisture content is less than 10% when imported). warehouse). Cashew kernel market continued to be gloomy, with only a few small transactions with the price around 2.80 USD/Lb FOB Vietnam for the code WW320. Somehow, with the above price, buyers are also less interested, it is not clear if it is due to the military conflict between Russia and Ukraine, causing the Eastern European market to be broken or not? The same goes for the Chinese market, due to the "Zero Covid" policy, a series of cities were blocked, leading to a broken supply chain here; meanwhile, transportation costs continued to make it difficult for businesses along with costs. production costs such as packaging, materials, ... increased. Two weeks ago, I had a talk with Mr. Dang Hoang Giang - General Secretary of VINACAS about the situation in India. Mr. Giang said that India is still selling well at 3.46 USD/Lb FOB India for product code WW320; This also explains why India often buys cashew nuts in West Africa at a higher price than Vietnam and they often buy better quality raw materials than us. The situation this year, so far, is quite clear: the cost of imported raw materials may be equal to or slightly higher than the 2021 crop. Production costs, including logistics costs, increased by nearly 20% over the same period last year. Meanwhile, the Government's support packages in general have not reached cashew businesses, the market in the last days of the first quarter of 2022 is still very gloomy. The problem of enterprises in the cashew industry today is how can the export situation be improved? In my opinion, businesses should: First, actively reduce processing capacity by about 30%; If you want to do that, you don't need to buy a lot of raw materials, large inventory is very dangerous. Second, better control quality, limit sales at this time in order to regulate the supply to the market. Third, actively selling to Western Europe, the United States, Australia, Canada, the Middle East, etc., waiting for the Chinese market to reopen. I believe that, if we can agree like that, we will have the opportunity to produce and do business effectively this year. And if we are "strong, everyone will sell" and compete in a "snatching" way of doing business, I think no one will benefit. In this story, someone once said: " If you want to go fast, go alone, if you want to go far, go together ." I think, none of us want to go alone, then. let's find solutions together and work together I believe we will overcome difficulties and challenges this year./.