Vietnam cashew industry with optimism

According to the Vietnam Cashew Association (Vinacas) in North America and Europe, the amount of inventory that's pretty low at this moment. Buyers are watching and waiting for the seasonal changes to purchasing decisions, price adjustments for frying roasting, packaging and retail supermarkets in quarter 1/2017.

In India, the demand for centralized purchase buy things largely in favor nh group of former senior White (WW240) but in small quantities due to high price. But items currently attracting more attention that's not the thing that is shell and cashew nut shell oil prices tend to rise again.

Combining the results of the previous survey, expert assessment of the crop VINACAS things in Binh Phuoc (Vietnam) and Cambodia is going on normally, things are blooming, the weather is favorable rains ended Last December in 2016 impassive;expected to harvest in late February for the Lunar year 2017. Production Dinh Dau difficult to assess by weather factors, especially weather phenomenon characterized ENSO this year the rainy season ends late.

In Binh Phuoc, crude inventories at the beginning of 1/2017 to relatively low, while crop expected this year to late. Therefore, the phenomenon of some growers have sold "young rice" for the dealer to get the money soon to celebrate the New Year from 65-70 million VND price / ha for gardening expected yield of about 2 tons of fresh / ha.

Besides, the business will have to balance and import more raw materials for production until the early service. Some businesses are waiting for shipments from Tanzania and Indonesia continued to Vietnam in January and 2/2017. To this point, very few offerings Tanzania and Indonesia by the end of service customers and low inventories, businesses signed nearly sold out.

Quoc Dinh

Source: University Solidarity