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Cashew prices here will rise?

Update: 10/27/2014

Consumer market which is very good, the product output is fully assured and prices will rise.

What industry experts predicted that the global conditions for the crop year 2014 - 2015 is not favorable, while purchasing consumer demand in major markets such as India, USA, Europe, Middle East ... continued growth will help it increase prices in the coming season.

WIDE OPEN MARKET

At the seminar "thing bumper season" took place recently in the "capital of thing," Binh Phuoc, Dang Hoang Giang - Vice-Chairman VN Cashew Association (Vinacas) question: what crop prices from 2014 to 2015 will be stars? Raw cashew sustainable development or not? In essence, these are difficult questions, no easy answers.

However, Jiang information: According to the World Council, the global production of raw cashew crop year 2014 - 2015 is only about 2.6 million tons equivalent to 619,000 tons of people (down 130,000 tonnes compared with 2013 crop year) ; Meanwhile, individual consumption forecast up to 650,000 tonnes worldwide (an increase of 53,000 tons).

This proves that the consumer market is very good, the product output is fully assured and prices will rise. In particular, the key consumer markets will be India, US, Europe and the Middle East.

Vinacas representative also stated, "opponents" of the almonds and cashews which are most consumed in the nuts, then this decline in production, will be an opportunity to sell cashew nut prices go up. This forecast is actually starting to happen from this service in 2014, when the price of crude reached 25 million / ton, higher than 10-15% compared to the previous season.

At the same time, the export price of cashew nuts from the beginning of the year are vertically upward, most sharply in September and 10/2014 moment. Up to now, the export volume of cashew was 225,000 tons VN turnover of 1.46 billion US dollars, up 19.6% in volume and 21.8% in value compared to the same period in 2013.

According to Nguyen Thi Kim Nga - Chairman of Binh Phuoc conditions, the output current of the water just enough to supply less than 50% of the processing capacity of the company; most of the rest is imported from West African countries, East Africa. Given the global crop unfavorable certainly VN nut cases 2014 - 2015 will be key to the government towards NK.

  "So, the price of the fresh start of the 2014 - 2015 will certainly be very high. Farmers should focus on care, rehabilitation orchard to improve productivity, quality and income "- Nga said.

DN PROCUREMENT AGREEMENT

Mr. Ta Quang Huyen, director of Hoang Son Co. 1 (Binh Phuoc) said, after 10 years of establishment, far-scale cashew processing unit has reached 25,000 tons / year. Therefore, there are no harvest for farmers to take up the driver had to ask "dear there is no" to in purchasing. Can be confirmed, the output has increased much (in water), she is not to worry about the output.

Similarly, Ms. Tran Bich Phuong Thao Nguyen Joint Director General (Ba Ria - Vung Tau) said, in 2013, export turnover reached 70 million units, of which, petroleum products which has reached 20 million .
Nguyen Duc Thanh - Chairman of Vinacas: Show Vinacas're doing 2 major programs is "Improving orchard" and "Raise the value VN nut" with a determination to help farmers get rich from this tree. "

"Now this oil has a very high export value, while the company will continue to promote further processed products. Therefore, growers in peace output issues. The most important now is to focus people care, rehabilitation orchard to ensure increased productivity, quality and sustainability "- Phuong said.

Related to quality management issues for this 2014 - 2015, many farmers in Bu Dang district (Binh Phuoc) suggested, should take measures to manage collectors about what to mix impurities in illicit profits, affect the reputation of the things Binh Phuoc, making the selling price of farmers are affected under.

At the same time suggest the authorities continued technical support, high quality seeds, which farmers involved learning models grafted with high efficiency.

Reply farmer, Nguyen Van Loi - Vice Chairman of Binh Phuoc, head of the Steering Committee of Binh Phuoc development which affirmed trees over time has not been adequate attention, not leaders departments Desk more discussion. Far down the price of rubber, cashew and should be recognized as the right of it, especially with regional farmers and remote.

Next time, Binh Phuoc will focus on linking farmers, organized the first seminar shore, the choice of methods to renovate, improve productivity, quality and pick orchard varieties, suitable for replication. At the same time, the province will also accelerate the granting of land use rights and assets attached to the farmers can easily borrow capital for production, renovate orchard.
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