Vietnam: Cashew industry lowers export targets

HCM CITY — Viet Nam hopes to ship 61,468 tonnes of cashew in the second half of the year, bringing the year's total to 150,000 tonnes for an export turnover of US$1 billion, according to the Viet Nam Cashew Association (Vinacas).

Speaking at a review conference held in HCM City yesterday, Dang Hoang Giang, Vinacas general secretary, said 88,532 tonnes of cahew worth $602.1 million had been exported in the first half of the year. This marked a year-on-year increase of 28.2 per cent in volume and nearly 14 per cent in value, he said.