Vietnam Agriculture & Food insights

According to the Vietnam Cashew Association (Vinacas), data from the Vietnam Customs General Department shows that in July of this year, Vietnam exported 68,000 tons of cashews, generating $460 million in revenue, with an export volume increase of 1.3% year-on-year and an export value increase of 11%. In the first seven months of this year, the cumulative export reached 413,000 tons, valued at $2.8 billion, with an export value increase of 18.3% year-on-year. The average export price of Vietnamese cashews in the first seven months reached $6,805 per ton, up 21.4% from the same period last year, marking the highest price in recent years and reflecting the growing global demand for nuts. In the first seven months of this year, China, the United States, and the Netherlands remained Vietnam's top three cashew export markets, accounting for 22.4%, 20.3%, and 9.1% of the market share, respectively. Notably, China has surpassed the United States to become the largest market. During this ...

Core tip: According to the Vietnam Cashew Association (Vinacas), data from the Vietnam Customs General Department shows that in July of this year, Vietnam exported 68,000 tons of cashews, generating $460 million in revenue, with the export volume increasing by 1.3% year-on-year and the export value increasing by 11% year-on-year. In the first seven months of this year, the cumulative export reached 413,000 tons, worth $2.8 billion, with the export value increasing by 18.3% year-on-year. The average export price for Vietnam's cashews in the first seven months reached $6,805 per ton, up 21.4% from the same period last year, marking the highest price in recent years and reflecting the growing global demand for nuts.

Recently, the Ministry of Industry and Trade has received documents from the Vietnam Sugar Association, the Ho Chi Minh City Food and Foodstuffs Association, and several sugar production and consumption enterprises in Vietnam reflecting the situation of sugar smuggling in some localities, particularly in the provinces of the Southwest and Central regions bordering Cambodia, Laos, and Thailand. To strengthen the prevention of sugar smuggling, the Ministry of Industry and Trade has proposed that the People's Committees of provinces and cities continue to direct relevant departments, sectors, functional forces, and commune-level People's Committees to strictly implement plans, directives of the Government, the Prime Minister, the Steering Committee 389, and the Ministry of Industry and Trade in inspecting, controlling, preventing, and strictly handling illegal trading, transportation, and storage of smuggled sugar, of unknown origin and source; considering this a task that needs to ...