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Vietnam Plans to Increase the Cashew Nut Sale on Domestic Market to 10% in 2020

Pubtime:2014-12-15Author:Source: Hits:

 

The total export of Vietnamese cashew nut during January-November reached 0.28 million tons, increased by nearly 18.2% when compared with the same period of the last year; the overall export reached USD 1.84 billion, increased by nearly 22.6%. China, USA and Netherlands are still top three largest export markets of Vietnam cashew nut. However, the sale of Vietnam cashew nut on domestic market is few, only 5%-6% of the total cashew nut output.

The President of Vietnam Retail Association expressed that, the domestic cashew nut market is not optimistic, and the main reason are relatively high price, single product, and insufficient publicity. Vietnam Cashew Nut Association expressed that, it plans to increase the proportion of the cashew nut sale on domestic market to 10% by 2020.