Binh Phuoc: Solutions to cope with difficult situations in cashew business, production, and processing

Binh Phuoc: Solutions to cope with difficult situations in cashew business, production and processing
On the morning of April 5, in Phuoc Long town, the Binh Phuoc Cashew Association held a conference to update crops, prices, market trends, and unify cashew purchasing plans for members and cashew businesses. province.
According to the Chairman of Binh Phuoc Cashew Association, Vu Thai Son, Vietnam depends heavily on importing cashew raw materials from Africa, on average importing more than 2 million tons each year. The situation of this year’s cashew crop in the world and Vietnam is not favorable due to the impact of climate change and political factors. Besides, African cashew businesses are applying machines very well. machinery, science, and technology aimed at self-processing raw materials on the spot, some countries banned exports, which has increased the price of cashew raw materials, while the price of Vietnam’s cashew raw materials for export is low. Therefore, the situation of Vietnamese businesses in general and Binh Phuoc cashew businesses is facing many difficulties.

At the conference, the Chairman of Binh Phuoc Cashew Association, Vu Thai Son, updated members and businesses with some information about the crop situation, prices, market trends, and the orientation of some purchasing options. cashew production and processing in the near future.

Also at the conference, members and businesses discussed and agreed on a number of strategic options to deal with the current difficult situation, such as increasing the price of cashew kernels and forcing the price of imported raw cashews to be lower by buying less. On the contrary, the structure reduces production. To do that, members and cashew businesses need to unite and work together.

Source: Binh Phuoc Newspaper