Cashew price is highest for 10 years

 Every year, from this point until the end of the 3rd lunar month, farmers in Lam Dong, Binh Phuoc, Dong Nai ... entered the harvest crop. Unlike previous years, this year's cashew prices high, traders buy with farm gate price is 32,000 VND / kg in fresh. According to experts this sector, this year's increasing price is the world prices edged up, cashews in Vietnam has superior quality.


 Growers is excited

 With nearly 60% of the area is basalt, Binh Phuoc very favorable development of the cashew. According to the Department of Agriculture and Rural Development in Binh Phuoc province, cashew grown here for almost 50% of the area and more than 40% of national output. Beside Binh Phuoc; Da Huoai, Da Teh, Cat Tien, Lam Dong and Tan Phu, Dinh Quan, Trang Bom, Dong Nai ... has also quite large of cashew plant acreage.

From middle of FEB-2016, farm gate prices for fresh cashewnut at Dong Nai, Binh Phuoc and Lam Dong to 31.000-32.500 / kg, at around 32.000-33.000 dong/kg. This is considered as the highest prices for fresh cashew for last 10 years.


According to the farmers in Binh Phuoc, 2 years ago, cashew nut price is just around 18.000-22.000 / kg. After that, prices have inched up a little bit but cashew growers is still not profitable. With current prices, the average per hectare, income is from 90-110 million, after deducting costs, growers has profit in  70-85 million / crop.


Doan Ngoc Nam - Chairman of Phuoc Cat 2, Cat Tien district - said: "The price is high, growers is excited, we're also happy. If the last full moon of January, it will rain, cashew plant will have flower and the rate will be higher".



Trees reduce poverty


However, for many years, the cashew price still depends on   traders. Because the growers don't have the condition to protect cashew nut, so they have to sell it to traders in farm gate price with cheaply price. Besides, due to lack of links between the production, purchasers and growers, the benefit of grower is not be guaranteed.


When cashew plant bring high efficiency, the provinces of Binh Phuoc, Lam Dong, Dong Nai had new solutions to immediate and long-term peace of mind produce growers, such as technical guidance to help farmers breeding, crop grafting and transplantation of varieties suitable for the soil to have the highest economic efficiency


Mr. Tran Dinh Thai, Vice Chairman of Cat Tien district, assessment: "Compared to other plant in our province, cashew give stable income. Therefore easy to grow, cashew help reduce poverty for many ethnic minority people in the locality. Due to the high price in this year, many growers boldly fertilizing, spraying should yield predictions that this year 20% higher than previous seasons. "



Outstanding quality


Ms. Nguyen Thi Kim Nga, Chairman of Binh Phuoc cashew association, said the province has more than 200 enterprises, cashew processing facilities. Domestic production of crude only meet 50% of market demand, production and processing, the rest is imported from abroad. Although import prices from India and African countries is lower but businesses still prefer cashew processing in the country, particularly of Binh Phuoc, due to exceptional quality, their products attractive to consumers.



Sourse: Labour newspaper.





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