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Viet Nam, India to exchange cashew information

   1/31/2007

HCM City, 25/01/2007:The Viet Nam Cashew Association (VINACAS) and the Cashew Export Promotion Council of India (CEPCI) inked a Memorandum of Understanding regarding their cooperation in Ho Chi Minh City on Jan. 25. Under the MoU, the two sides will work out a mechanism to exchange crop forecasts, statistics relating to productivity, exports and imports, market information and government policies regarding cashew. The two sides called for the establishment of a committee to set up global technical standards on cashew-nuts, thus facilitating world trade of the product. The MoU will be sent to the Association of Brazilian Cashew Producers (SINDICAJU) for verification and supplements (if necessary) so as a tripartite MoU will be signed by VINACAS, SINDICAJU, and CEPCI on April 30 this year. According to VINACAS Vice President Nguyen Duc Thanh, the country's cashew yield soared from 28,000 tonnes in 1990 to 350,000 tonnes in 2006, which places the country the second in the world in terms of raw cashew output. At present, India is the largest producer of raw cashews with 450,000-500,000 tonnes a year. Brazil ranks third with 180,000-200,000 tonnes.

VNA
1/31/2007

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