The 13th Vietnam International Cashew Conference: Reshaping the global supply chain VINACAS wants international organizations, cashew associations, experts and businessmen to analyze, evaluate, comment and propose solutions and initiatives to reshape the global cashew supply chain. Accordingly, the readjustment of the value chain will help the cashew industry in Vietnam and the world develop stably in the coming time. The 13th Vietnam international treaty determines the future of the global cancer chain On the morning of February 27, in Quang Binh province, the Ministry of Industry and Trade and the Vietnam Cashew Association (VINACAS) jointly organized the 13th Vietnam International Cashew Conference in 2024 with the participation of more than 350 delegates from 40 countries. countries around the world and 10 industry organizations such as the International Nut Council (INC), China Nut Association (CNA), Ivory Coast Cotton and Cashew Council (CCA), African Cashew Association Union (ACA), along with cashew industry organizations of Cambodia, Senegal, Benin, Guinea... The 13th Vietnam international treaty determines the future of the global cancer chain Scene of the conference on the morning of February 27. Photo: QUOC HUNG The conference aims to connect large raw cashew processors and suppliers from African countries and Cambodia with roasting businesses, distributors, retailers... from large cashew consuming markets in Europe. America, China. Speaking at the conference, VINACAS Chairman Pham Van Cong emphasized that this is an opportunity for all parties to reshape the supply chain and global value chain of the cashew industry in the context of just overcoming the Covid-19 pandemic. The conflict between Russia and Ukraine and the war between Israel and Hamas have had a huge impact on the economies and societies of other countries. Inflation, rising production and business costs, declining consumption... cause significant challenges to the global cashew supply chain, including Vietnam. The 13th Vietnam international treaty determines the future of the global cancer chain VINACAS Chairman Pham Van Cong spoke at the conference. Photo: QUOC HUNG According to Mr. Cong, in 2023 Vietnam's cashew industry will set a record by exporting over 645,300 tons of cashew kernels of all kinds. But behind this record number lies a great threat to the Vietnamese cashew industry and is also a risk to the global cashew industry. The "hot" growth of Vietnam's cashew processing industry has led to a situation of competition in buying and selling raw cashews, affecting the domestic cashew industry. Specifically, the price of cashew kernels has dropped sharply, while the price of raw cashew nuts is very high in At the beginning of the season, at the end of the season it decreased but still could not balance the selling price, causing many businesses to lose money. The "hot" growth in area and output of raw cashew nuts in some African countries and Cambodia shows no signs of stopping, while the processing industry in these countries is still modest. Some countries have large output. But they are applying deep protection policies to raw cashews. For example, regulations on minimum selling prices, regulations on collecting export taxes and many fees... lead to high prices of raw cashews. Roasters , business competition is "fierce" causing purchasing power to decrease and selling prices to decrease. "If this situation continues, a series of processors in Vietnam and the world's cashew industry are at risk of bankruptcy. With a market share of nearly 80% of the world's cashew kernel exports and consumption of nearly 65% ​​of output. world raw cashew nuts, the collapse of Vietnam's cashew processing industry will lead to unpredictable consequences for the world cashew industry, the risk of disrupting the supply of cashew kernels. In particular, countries that grow cashews and export raw cashews There will be a sharp decrease in import demand from Vietnam," said Mr. Pham Van Cong. The 13th Vietnam international treaty determines the future of the global cancer chain Experts and businesses specializing in cashews attended the conference. Photo: QUOC HUNG Therefore, at this 13th Vietnam International Cashew Conference, VINACAS wants international organizations, cashew associations of countries, experts, and businessmen to analyze, evaluate, comment and propose solutions. solutions and initiatives to reshape the global cashew supply chain. Accordingly, the adjustment of the cashew value chain will help the cashew industry in Vietnam and the world develop stably in the coming time. The 13th Vietnam international treaty determines the future of the global cancer chain The International Cashew Conference is always an important trade promotion event for Vietnam's cashew industry, a "golden meeting point" for cashew industry businesses globally. The event is organized to promote product brands " Vietnam's cashew nuts", promoting exports, promoting consumption, building and strengthening sustainable, long-term relationships between businesses, the Vietnam Cashew Industry Association and the world.