The Vietnam Cashew Association (Vinacas) has written to Vietnam Customs requesting clearing about 100,000 tonnes of unshelled cashew that has backlogged at Cat Lai port in Ho Chi Minh City while another 100,000 tonnes is en route to the port, reported The Saigon Times Daily.
Dang Hoang Giang, general secretary of the association, said the backlog would cost importers dearly since the storage cost for a 20-foot container is US$20 to $30 per day. If 400 containers of cashew, or 100,000 tonnes, were not cleared in time, cashew importers would face higher input cost.
Farm produce and fishery quality agency Nafiqad has said unshelled cashews must be inspected in line with Circular 13 on food safety and hygiene, so the upcoming arrival of 400 containers will certainly be kept at Cat Lai port for inspection.
According to the Vinacas, world demand for cashew nuts will pick up from August, so importers in Vietnam will have to compete with those in India and Brazil to buy cashews from Africa and Indonesia the rest of this year.
Vietnam has signed contracts to import 250,000 tonnes of unshelled cashews, 200,000 tonnes lower than forecast for the year.
Figures from the Ministry of Agriculture and Rural Development show Vietnam imported 126,000 tonnes of cashew in the six months of this year. Total cashew export volume was 67,000 tonnes worth US$500 million, down 16.5 percent in volume but up over 17 percent in value.
The average export price of cashew nuts was US$7,500 per tonne, up over 40 percent from the same period last year.
Dang Hoang Giang, general secretary of the association, said the backlog would cost importers dearly since the storage cost for a 20-foot container is US$20 to $30 per day. If 400 containers of cashew, or 100,000 tonnes, were not cleared in time, cashew importers would face higher input cost.
Farm produce and fishery quality agency Nafiqad has said unshelled cashews must be inspected in line with Circular 13 on food safety and hygiene, so the upcoming arrival of 400 containers will certainly be kept at Cat Lai port for inspection.
According to the Vinacas, world demand for cashew nuts will pick up from August, so importers in Vietnam will have to compete with those in India and Brazil to buy cashews from Africa and Indonesia the rest of this year.
Vietnam has signed contracts to import 250,000 tonnes of unshelled cashews, 200,000 tonnes lower than forecast for the year.
Figures from the Ministry of Agriculture and Rural Development show Vietnam imported 126,000 tonnes of cashew in the six months of this year. Total cashew export volume was 67,000 tonnes worth US$500 million, down 16.5 percent in volume but up over 17 percent in value.
The average export price of cashew nuts was US$7,500 per tonne, up over 40 percent from the same period last year.