Cashew Kernel Price Today
Cashew Kernel Price Today, July 21, 2017
W240: 5.20-5.25; W320: 5.05-5.15;
W450/ SW320/ LBW: 4.9-4.95;
DW: 4.5-4.6; WS/WB: 4.35-4.6;
LP: 3.75-3.85 (SP: Limited)
(Unit: USD/ Lb FOB HCMC/ Flexi packs)
Note: The above selling prices for non-Chinese markets/ Prompt shipment.
Thứ Bảy, 22 tháng 7, 2017
Thứ Hai, 17 tháng 7, 2017
Harvesting mangos (Source: VNA)
Hanoi (VNA) – Major agricultural products enjoyed a rise in export value in the first half of this year despite a fall in volume, according to the General Department of Vietnam Customs.
As of mid-June, Vietnam exported 133,124 tonnes of cashew nut for 1.284 billion USD, a drop of 4.11 percent year-on-year in volume but a 20.71 percent increase in value. Meanwhile, coffee exports fell 14.97 percent in volume and rose 11.5 percent in value.
Dang Hoang Giang, Vice President of the Vietnam Cashew Association said the cashew sector’s productivity plummetted, forcing it to import large amounts of raw cashew. Imported raw cashew nut in the first five months of this year rose 74.8 percent while import value increased 125.3 percent, he noted.
However, the price of exported cashew nut rose by 25 percent compared to the same period last year to reach 9,500 USD per tonne, explaining the rise in export value, he said. Giang also forecast that the situation will be the same for the rest of the year, thus total export volume of 2017 may reach 350,000 tonnes with total revenue of about 3.3 billion USD.
Giang said domestic consumption accounts for only 5-7 percent of total cashew output. Once the Global Cashew Council announces the nutrition value of cashew, the association will launch promotion programmes across the country, aiming to boost domestic sales to 20-30 percent of total cashew nut production, he said.
The fall in volume and rise in value is predicted to happen in coffee sector also.
Nguyen Quang Binh, an expert in the sector said that coffee prices in the rest of the year may drop slightly due to abundant supply, but will still exceed last year’s average price.
The General Department of Vietnam Customs reported that the rubber sector saw the highest growth in exports, with 411,960 tonnes of rubber shipped abroad for more than 787,550 million USD, a surge of 63.23 percent in revenue thanks to high price. In the first five months of this year, rubber price for export reached 1,957 USD per year, close to a 60 percent rise over the same period last year.
Among major farm produce, peppercorn suffered the sharpest decrease in export revenue at 16.8 percent year-on-year despite a rise of 18.3 percent in export volume.
Vice President of the Vietnam Pepper Association (VPA) Nguyen Thi Mai Oanh said the decline was due to a slump in price caused by oversupply. She also predicted the price will continue falling for the rest of the year, leading to a fall in export value for the year.
To survive and develop, domestic pepper farmers and businesses are trying to improve product quality to meet the requirements of foreign markets. Along with efforts to link exporters and farmers and renovate farming technology, the Ministry of Industry and Trade and the VPA are working to build a trademark for Vietnamese pepper, while expanding markets to promising countries in Eastern Europe and Northern Asia.-VNA
Processing cashew nuts for export. Illustrative image (Source: VNA)
Binh Phuoc (VNA) - The southern province of Binh Phuoc has attracted eight foreign direct investment (FDI) projects, with a combined registered capital of 31.8 million USD in the first six months this year.
The figure is below the province’s expectation, requiring local policy makers to revise a specific strategy to increase FDI attraction.
As an effort to improve business and investment climate, monthly dialogues have been conducted to help enterprises and investors operating in the Binh Phuoc, Director of the provincial Department of Planning and Investment Vo Sa said, adding that numerous measures have been taken to attract investors, particularly the construction of infrastructure facilities in industrial parks and clusters.
The construction of infrastructure facilities is underway to lure investors in big industrial parks, such as the 2,000ha Becamex – Binh Phuoc urban and industrial zone, while Dong Xoai 3 IP, Minh Hung – Sikico IP, Hoa Lu border gate economic zone are ready for investors to land in.
However, geographic location, poor transport system and limited human resources are the province’s disadvantages in attracting investment, according to experts.
Tran Dinh Thien, deputy head of the Vietnam Economic Institute, suggested Binh Phuoc take advantages of its vast land and favourable climate condition to develop high-valued industrial plant material areas, such as cashew nuts, pepper, rubber, fruit trees, particularly clean vegetables to supply for Ho Chi Minh City.
The provincial People’s Committee has approved a plan to develop smart and hi-tech agriculture to lure investors. Under the plan, the province has zoned off 1,000 ha for hi-tech agriculture in Loc Ninh, Hon Quan districts and Dong Xoai town.
Secretary of the provincial Party Committee Nguyen Van Loi urged sectors to call for investment in the smart agriculture production chain, particularly the regional connectivity to ensure a sustainable source of clean materials, such as cashew nuts and peppercorns.
Dozens of cooperatives have been established and joined the chain. The clean pepper growing model has proven effective and been multiplied across the province.
According to Director of the provincial Department of Agriculture and Rural Development Tran Van Loc, the province has over 134,000 hectares of cashew trees, accounting for nearly 50 percent of the nation’s coverage, producing 280,000 tonnes per year.
Over 70,000 tonnes of cashew nuts are shipped abroad each year, generating 504 million USD or one third of the province’s export values.
The locality also has over 270 plants and over 1,600 small facilities processing cashew nuts, creating jobs for 50,000 labourers.
Currently, the province is home to 163 FDI projects, worth nearly 1.5 billion USD.-VNA
Arrested and jailed a few days after the economic operator Sébastien Ajavon last September, in a similar case, the two Indian Issac and Manoj Kumar Neeraj Kabdal were released Friday morning.
12 July 2017
The District Agricultural Officer from the Ministry of Agriculture, Forestry and Food Security, Umaru Mohamed Sankoh, said, “The training is to primarily build the capacity of master trainers that will then be responsible to impact the technical skills involved in cashew nut cultivation to home farmers.”
He commended European Union and COOPI for their support of more than 120,000 seedlings of cashew nuts that have been available to farmers this year in Kambia District only. The Ministry has extensively engaged home farmers to cultivate cashew nut in order to sustain their livelihood. He maintained that cashew nut cultivation has contributed positively on the global market trend.
One of the trainees, Abdul Karim Bangura, explained, “I learned from the sessions about the basic skills involved in agronomic practices such as the implementation and maintenance of cashew nut cultivation. I learned skills revolving around helping farmers with intercropping to mainly control weeds and attract high yields. Post-harvest is pivotal for local farmers’ cultivation, which will enhance skills on how to mitigate loss of crop and prepare farmland sufficiently,” he noted.
The training aimed to create and consolidate technical skills and capacities on agronomic practices required to establish new cashew plantations, to be replicated and delivered to local based cashew farmers.
He disclosed that a total of 24 participants were selected from three districts, Port Loko, Bombali and Kambia. Each of the trainers are to replicate the technical skills involve in cashew nut cultivation, and in turn deliver it to local based farmers.
Wednesday July 12, 2017.
HCM City (VNA) – The Vietnam Cashew Association (Vinacas) has asked its members to pay greater attention to improving the quality of cashew to raise its value amidst slumped production.
Vietnam has suffered a sharp fall in both cashew productivity and output in 2017 crop due to abnormal weather conditions, Dang Hoang Giang, Vinacas Vice President and General Secretary said at a conference on July 12 in Ho Chi Minh City to review the sector’s performance in the first half of this year.
He noted that cashew productivity of farms in high hills reached only 20 percent of that in 2016, while the yield of farms owned by experienced farmers was only 50 percent, with the quality of cashew seriously affected.
Vinacas has asked for authorized agencies’ support in seeking economic and technology measures to boost the growth of cashew trees for better crops in 2018, as well as ways to detect diseases and insect risks and the research for better cashew varieties that are more resilient to extreme weather conditions.
However, Giang said that cashew price this year hit a record at about 50,000 VND per kilo of dried cashew nut compared to 38,000 VND in 2016. The price is expected to continue rising in the rest of the year, he added.
According to Vinacas, this year, the cashew sector targets an export volume of 320,000 tonnes of cashew nuts, a drop of 9.14 percent year on year and a revenue of 3.3 billion USD.
The association also suggested that enterprises ensure cashew materials for export, while applying advanced technology, foster their connection in production and expand market for their products.-VNA
The government on July 8 launched the GST Rates Finder, but a complicated user interface and difficult navigation has left most users disappointed.
According to Central Board of Excise and Custom (CBEC) chairperson Vanaja Sarna, the idea behind the app was that it would be a ready reckoner for the public, for customers, for consumers, traders, students, anyone who wishes to have very handily (GST) rates available.
When you open the app, it is divided into five sections. The las ..