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  • Reshaping the global cashew supply chain 12/25/2023

    Dec 25th, 2023

    At a recent press meeting, Chairman of the Vietnam Cashew Association (VINACAS), Mr. Pham Van Cong, said that the 13th International Cashew Conference will be held in Dong Hoi City, Quang Binh province from September 26. to February 28, 2024. This promises to be an opportunity to reshape the global supply chain after a period of disruption due to Covid-19 and new fluctuations. English news: VINACAS's conference aims to reshape global cashew supply chain The future shape of the chain also applies to causation The importance of this conference Although the Covid-19 epidemic is no longer a global threat, the consequences are severe. That is a disruption in the global cashew industry supply chain. Immediately after that was the conflict between Russia-Ukraine, and recently Israel-Hamas, causing the world's cashew supply chain to be disrupted and unable to return to normal. Therefore, the 13th International Cashew Conference is an opportunity for all parties in the global supply chain to look back and discuss how to bring the supply chain back to a normal and effective trajectory for all parties. According to Mr. Pham Van Cong, it can be said that this is a conference that will reshape the market in 2024 and the following years. At the same time, all parties anticipate risks when instability always appears. Notably, although this supply chain has returned, it is no longer the same as before and has changed in the context of world cashew prices continuously falling for many years from 8,540 USD/ton to 5,512 USD/ton as of now. end of November 2023. But the price of raw cashew nuts, even though they have decreased, still stands at a level higher than the processing cost. When attending the conference, domestic cashew businesses will have more comprehensive information about crops, raw materials, and forecasts from international organizations to come up with appropriate solutions. Recently, VINACAS had a meeting with member businesses, providing information and warnings, and was not in a hurry to sign contracts to buy raw cashew materials from other countries. The current difficulties are temporary like previous times that all cashew processing and trading enterprises have experienced. Countries with large raw cashew production in Africa such as Côte D'Ivoire... have registered, including neighboring Cambodia. Many countries or organizations in Africa even come to Vietnam first to explore supply capabilities when the new crop season is coming. Latest data, there have been nearly 300 domestic and foreign delegates registered to attend the conference "Speaking of cashews, thinking of Vietnam" The future shape of the chain also applies to causation Cashew nut production at Lafooco It can be said that it is the catchphrase of raw cashew exporters from African countries, to cashew importers, processors, roasters, packers (wholesalers)... in the markets. as large as the United States, China, and Europe. Because Vietnam is the largest importer of raw cashew nuts and the largest exporter of cashew kernels (accounting for about 70% of the world market). It is also the country that owns and produces most of the equipment for cashew processing, and has also become a country that exports machinery and equipment that other countries seek to buy. Furthermore, the quality of Vietnamese cashew nuts, assessed by consultants, importers, and roasters around the world, is fragrant and delicious, very unique compared to cashew nuts from other countries. That is also the result of on-site trade promotion. From April 2008, the first International Customer Conference (then named International Cashew Conference) was organized by VINACAS in Ho Chi Minh City, opening up international cooperation, trade promotion and enhancing the position of the nut. Vietnamese cashew. In the following years, the International Cashew Conference took place every year, on a larger scale and more professionally. Through 12 times of organization (except for the years affected by Covid-19), over 3,000 delegates from more than 70 countries and territories around the world attended, signing many contracts worth billions of dollars. This is an activity within the national trade promotion program organized by VINACAS in coordination with the Department of Trade Promotion, sponsored by the Ministry of Industry and Trade. The conference is also an opportunity to meet and interact with leading cashew import-export businesses in Vietnam and the world in the cashew trade chain; from farming, processing, to consultants, importers, roasters, wholesalers, supermarkets. Promote and affirm the brand The International Cashew Conference in Vietnam is one of VINACAS's most successful trade promotion activities, becoming an indispensable annual meeting point for raw cashew exporting countries, importers, and international roasters. gender. Thereby, demonstrating Vietnam's increasingly high position in the global cashew value chain; The brand of Vietnam's cashew industry is not only promoted and enhanced but also affirmed its position. At the same time, it brings multifaceted value to VINACAS by creating a "playground" for domestic and foreign businesses to trade, find partners, and promote cashew import and export. The future shape of the chain also applies to causation The International Cashew Conference contributes to bringing the image of Vietnamese cashew nuts to the international arena; create long-term relationships and cooperation between Vietnamese businesses and customers from other countries. These trade promotion events contribute significantly to better understanding of Vietnam's cashew processing industry. Visitors have the opportunity to visit factories and equipment manufactured in Vietnam, ensuring and meeting international standards. international standards such as: BRC Food (Global standards for food safety), SMETA (Social responsibility standards), HACCP (Standards for hazard analysis and food safety control points)... should increasingly place their trust in Believe in cashew nuts processed in Vietnam. This is also an opportunity for groups to enjoy cashew kernels grown in Vietnam, which are considered the most delicious in the world. Why Quang Binh ? Explaining why it chose Dong Hoi Young City (Quang Binh) as the venue, VINACAS said that the International Cashew Conference is also an opportunity to indirectly promote trade in promoting tourism, contributing to the development tourism industry everywhere when this is an international conference with several hundred delegates from dozens of countries, who have traveled a lot and know a lot. This has been confirmed through previous organizations. That is why VINACAS organizes events in famous tourist destinations in Vietnam such as Ho Chi Minh City, Da Nang City, Hue City (Thua Thien - Hue province, Ha Long City (Quang Ninh province), Pearl Island Quoc (Kien Giang province), Nha Trang city (Khanh Hoa province), or Binh Phuoc, the cashew capital of Vietnam... The future shape of the chain also applies to causation Son Doong Cave This time it is Dong Hoi City of Quang Binh province, a locality with abundant natural resources, famous in the world with the Phong Nha - Ke Bang cave system, recognized by UNESCO (Cultural - Scientific Organization). Science - Education of the United Nations) recognized as "World Natural Heritage". The most famous of which are Son Doong cave, Phong Nha - Ke Bang cave, Thien Duong cave, En cave. There are also streams Bang hot water is very unique. In terms of tourism, Quang Binh still has a lot of potential to explore and develop. But what is quite paradoxical, while the world is "lining up" to register to explore this cave system, having to wait for years, but for the people in the country, it is not the first choice when they think that, With famous landmarks but the infrastructure system is not complete, travel is still difficult. But that was only true 5-10 years ago. Now, flying from Ho Chi Minh City to Dong Hoi City takes only 1 hour and 10 minutes with 4 hours. Airlines with flights are Vietnam Airlines, VietJet Air, Pacific Airline, Bamboo Airways with an average flight frequency of 3-7-14 flights/week. Phong Nha Cave (Water Cave) is the most typical scenic spot of the cave system of the Phong Nha-Ke Bang complex with a length of 7,729 meters, 14 caves with 7 most of the Phong Nha - Ke Bang cave system: Long Water Cave best. The cave has the highest and widest cave entrance. The cave has the most beautiful sandy beaches and reefs. The cave has the most beautiful underground lake. The most spectacular stalactite system. The longest, most magical and brilliant underground river. Possesses the largest and most beautiful dry cave. The future shape of the chain also applies to causation A corner of Phong Nha cave In April 2009, an expedition from the Royal British Cave Association discovered and announced Son Doong cave as the largest cave in the world (over 5 km long, 200 m high, and 150 m wide). ), much larger than the Deer Cave in Gunung Mulu National Park in Sarawak, Malaysia. The future shape of the chain also applies to causation A corner of Thien Duong cave Quang Binh also has a very unique destination, which is Suoi Bang - Hot Mineral Springs. With many water experience activities such as bathing in streams, soaking feet, boiling food... there are more than 200 hot water spray holes. It is known as the hot spring with the highest temperature in Vietnam, over 100 degrees Celsius (sometimes up to 105 degrees Celsius). Bathing in the stream and soaking your feet here is very beneficial for your health and restores physical strength; Treats skin and bone and joint diseases as well as detoxifies the body and promotes blood circulation. A very unique destination.