The initial seven months of the year saw cashew nut exports reach 334,870 tonnes, bringing in more than US$1.94 billion, up 13.3% in volume and 9.7% in value over the same period from last year, according to preliminary statistics released by the General Department of Customs.
Vietnam exported 382,000 tonnes of cashew nuts abroad worth US$2.29 billion during the opening nine months of the year, down 10.6% in volume and 14% in value year on year, according to figures given by the General Department of Vietnam Customs.
PSNews - Vietnamese Embassy in Italia also worked with the Ministry of Foreign Affairs (MoFA), Ministry of Economic Development, financial police, and related agencies in Italia to promote the settlement and minimise losses to Vietnamese firms.
PSNews - Recently, the Vietnam Trade Office in Italia announced that, the ownership of all 100 cashew containers related to a suspected scam in Italia has returned to Vietnamese exporters.
At the regular press briefing of the Ministryof Foreign Affairs held on March 17, Spokeswoman Le Thi Thu Hang reaffirmed that ensuring security and safety for the lives and assets of Vietnamese citizens in Ukraine is the top priority of the Party, State, and Government of Vietnam.
Prime Minister Pham Minh Chinh has directed relevant ministries to co-ordinate efforts in a bid to clarify a suspected scam involving 100 cashew nut containers exported from Vietnam to the European market.
Despite the cashew industry facing stiff competition from the Ivory Coast and Nigeria, Vietnam's cashew nut market share in the United States' total imports rose slightly from 89.08% in the initial seven months last year to 89.26% this year, according to the Ministry of Industry and Trade.
Vietnam’s tea exports are forecast to increase in both volume and value in the remaining months of 2017 due to growing global demand and limited supply.
Cashew exports fetched US$2.2 billion in the first eight months of 2017, a rise of 24.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development.
Vietnam is expected to harvest only 0.87 tonnes of cashew nuts per ha in 2017, 0.21 tonnes or nearly 20% less than 2016’s output per ha, heard a conference in Ho Chi Minh City on June 1.
