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  • Difficulties "encircle" cashew export enterprises 09/09/2022

    Sep 9th, 2022

    According to information from the Management Board of Dong Dang Border Gate Economic Zone (Lang Son), China is currently maintaining a strict "Zero Covid" policy, strictly inspecting and controlling goods imported into the country. carry out disinfection spraying and 100% inspection of imported agricultural products and fruits; regularly change the method of delivery and receipt of imported and exported goods at the border gates. Therefore, in order to maintain and promote the import and export of goods through border gates to the Chinese market in general, disease control must be a top priority. stock ??buying loan ?? export business Currently, the cashew industry is also facing challenges in terms of new technical standards in the European and American markets. Meanwhile, the cashew industry is also facing challenges in terms of new technical standards in the European and American markets. European customers regularly check for residues of pesticides and pesticides in cashew kernels. Many export shipments of Vietnamese enterprises have been refused due to pesticide residues higher than permitted standards. In the US market, due to the conflict of quality accreditation standards, there are often misunderstandings and complaints among related parties. In 2022, the Ministry of Agriculture and Rural Development (MARD) sets an export turnover of about 3.8 billion USD for the cashew industry, an increase of 200 million USD compared to 2021. However, in the context of difficulties surrounding , the Vietnam Cashew Association (Vinacas) has proposed to lower the export value target for the whole year to 3.2 billion USD, down 400 million USD compared to 2021. Thus, the cashew industry has completed 53 % of export plan in 2022. Mr. Bach Khanh Nhut, Vice Chairman of Vinacas, said that it is forecasted that from now until the end of the year, cashew exports will not prosper because of the complicated economic and political situation in the world. Statistics from the Ministry of Industry and Trade show that from the beginning of the year until now, the three largest cashew nut consumption markets of Vietnam, the US, China and the Netherlands, have all recorded a decline. Specifically, exports to the US only reached 76,225 tons, equivalent to 440.65 million USD; down 8.7% in volume, down 4.9% in turnover over the same period in 2021. Exports to China reached 28,489 tons, equivalent to 180.89 million USD, down 27% in volume, down 37.9 % in turnover and 14.8% in price. The Dutch market decreased by 20.5% in volume and 18.5% in turnover over the same period in 2021, reaching 26,735 tons, equivalent to 137.75 million USD. Discussing this issue, experts said that cashew exports in 2022 will continue to face difficulties due to high anchorage rates, and export prices of cashew kernels have not been able to keep pace with the increase of raw cashew nuts. the factory could not balance processing cost and export price. Along with that is high inflation in some large cashew importing countries, increased transportation costs… Facing this situation, central ministries and local authorities need to create favorable conditions for cashew businesses in terms of tax, customs and credit policies as soon as possible. In particular, continuing to coordinate with the authorities, the Association supports cashew businesses in the implementation of new regulations on food safety control of the foreign market, especially the domestic market. China, EU, USA. But most importantly, cashew processing enterprises should note that quality must be a prerequisite when exporting. In the long term, businesses should focus on investing in high technology for deep processing to add value for sustainable cashew exports.


    Source: https://www.vinacas.com.vn/
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