Cashew from the heart to the world

Source: Lafooco

Farmers’ profits from cashew in 2016 are predicted to be much higher than in previous years, even though the harvest season has only just begun. Cashew is gradually proving its sustainability compared to other plants by maintaining its value and representing Vietnam’s national strength throughout the years. According to the Vietnam Cashew Association and the General Department of Customs, 2015 is the 10th consecutive year that Vietnam holds a leading position in exporting cashew. With an export turnover of more than $2.4 billion, signifying an increase of 8.7 per cent in volume and 20 per cent in value over the previous year, last year marked the nut’s highest achievement to date. Cashew is one of Vietnam’s major agricultural exports and holds more than 50 per cent of the global cashew market share. International traders find it impossible not to mention Vietnam when it comes to cashew. Visiting Phu Rieng of the southern province of Binh Phuoc, the land of basalt known as the cradle of the cashew industry in Vietnam, Nguyen Van Huu, a farmer who has been inseparable from cashew trees for over 10 years, cheerfully said that his net profit from cashew was over VND300 million ($14,500) in 2015. As observed, by mid-March 2016, fresh cashew nuts were traded at prices VND7,000 – 8,000 per kilogramme higher compared to the same period in 2015. Farmers play a big role in the development of cashew in Vietnam, but it is also important to note the exporting and processing enterprises

Source: https://www.talkvietnam.org/2016/05/cashew-from-the-heart-to-the-world/