February 20th, 2017
Weather conditions are highly favorable for the cashew crop in India, Vietnam, Nigeria, Ivory Coast, and Guinea-Bissau.
Moisture content in the soil is said to better compared to last year.
Except Vietnam, all the above countries are highly optimistic about this year’s crop size. However, the progress of harvest will be very slow till the second half of March.
We think that the crop-size of both India and Vietnam will be much better compared to last year’s negative growth.
Ivory Coast expects above 7 lakh tons and Guinea-Bissau expects more than 2 lakh tons.
Situation of the Indian state of Maharashtra should be a lesson for the Vietnamese cashew sector. After few years of bumper crop, cashew harvest is facing disaster after disaster in this state.
Vietnamese industries as well as farmers are more research oriented. We hope, they will tackle the situation.