Vietnam’s cashew export to China strongly rises
Thursday, 25/07/2019 11:20 (GMT+7)
Vietnam raked in USD221.47 million from exporting over 28,000 tonnes of cashew nut to China in the first half of this year, up 24.8 percent in value and 53.2 percent in volume year-on-year, according to the General Department of Customs.
Illustrative image (Source: VNA)
In June alone, the country exported 6.6 million tonnes of the nut to China, earning USD51 million, up 143.8 percent in volume and 104.2 percent in value compared to the same period last year.
According to Pham Van Cong, Chairman of the Vietnam Cashew Association, the Chinese Government is tightening regulations on export-import via borders between the two countries.
Vietnamese cashew is popular in choosy markets such as the US and the EU, and this is paving the way for domestic exporters to expand markets.
Along with seeking new markets, Vietnam aims to maintain major ones such as China, the Netherlands, and especially the US,which consumes up to 40 percent of the country’s cashew nuts./.
CPV/VNA
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