Over 200 cashew processing plants have planned to process 550,000 tonnes of cashews, export 120,000 tonnes of cashew nuts to earn US$500 million. The total area under cashew nationwide is now 420,000 hectares with the estimated output of 400,000 tonnes.
Based on the current price of cashew nuts for export being put at around US$4 per tonne and price of offering material cashew on the international market, the buying price determined by the cashew nut processing businesses is around US$600 a tonne of material cashew (equal to VND 10,000 a kilogram) on average.
Source: nhandan.com.vn
Publication date: 2/23/2009
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