Vietnam unlikely to achieve 4-billion-USD target from cashew nut exports
Vietnam’s cashew nut producers will have to lower their 2020 export target of 4 billion USD as the impacts of COVID-19 make it extremely difficult to achieve, according to Pham Van Cong, Chairman of the Vietnam Cashew Association (Vinacas).
Hanoi (VNA) - Vietnam’s cashew nut producerswill have to lower their 2020 export target of 4 billion USD as the impacts of the COVID-19 pandemic make it extremely difficult to achieve, according to Pham Van Cong,Chairman of the Vietnam Cashew Association (Vinacas).
In an interview with the Sai Gon Giai Phong newspaper,Cong said COVID-19 has had an unpredictable and substantial impact on thesector.
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Cong highlighted the widespread impact of the pandemicon the sector, saying that both cashew nut export volumes and prices will fall.A figure of 3 billion USD, however, is entirely feasible, he said.
He advised Vinacas members and businesses involved in the sectorto take precautions when purchasing raw cashews from Cambodia and Africa atthis time.
Vietnamese cashew nut growers are facing their own difficulties,he added, calling on businesses to buy as much of the domestic output aspossible./.
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Vinacas Chairman Pham Van Cong (Photo: Vinacas) 
