Vietnam remains world’s No1 cashew exporter
(VOV) -Vietnam has been the world’s leading exporter of cashew nuts for eight years running, according to the Vietnam Cashew Association (Vinacas).
Despite a relatively small global market for cashews, the country shipped 264,000 tonnes abroad last year, earning US$1.66 billion. Its key markets included the US, China and the Netherlands.
Vinacas is expected to rake in around US$2 billion from export in 2014, and continue to surpass its closest rival in the world market, India, to maintain its No1 position.
To achieve the target, the association will promote the installation of more processing plants in Vietnam and develop cooperation agreements with raw material suppliers in West Africa.