Cashew output in 2020 increases compared to 2019

Wednesday - 15/04/2020 15:28 733
(BP Portal) - Binh Phuoc Statistical Office has data in the first quarter of 2020, selling price of semi-processed rubber products 31,912 VND / kg, coffee beans 32,306 VND / kg, dry cashews 35,136 VND / kg, dried pepper 42,810 VND / kg.
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The output of harvested cashew in the first 3 months is estimated at 125,000 tons
Binh Phuoc province has 137,368 hectares of cashew, the output of the first 3 months is estimated at 125,000 tons, an increase of 11.61% over the same period in 2019. Pepper is 17,198 hectares, the yield reaches 6,000 tons, down 1.64% compared to the same period in 2019. with the same period (100 tons reduction). 241,800 hectares of rubber tree, with an output of 36,500 tons, an increase of 1.39% over the same period, although the exploitation output in the next year is higher than the previous year, the low price of rubber latex causes great damage to producers. 15,031 hectares of coffee trees, the production is calculated at the end of the year (coffee harvested in the last months of the year).

According to information from Agency for Regional Industry and Trade (Ministry of Industry and Trade), due to the low buying season and the impact of Covid-19 epidemic, the price of fresh cashew is precarious. By the end of February 2020 (beginning of the season), the price of fresh cashews brought by farmers to sell at the buying points was 28,000 - 30,000 VND / kg, the price yesterday was 13/4 (the end of the season) in the province. Binh Phuoc is 15,000 - 17,000 VND / kg. The Covid-19 epidemic also significantly affected cashew export orders to the Chinese market. Binh Phuoc has over 400 cashew processing facilities and has become the cashew capital of the country and also the locality where the geographical indications on cashew nuts are protected.

According to Agency for Regional Industry and Trade, the oversupply of pepper is forecast to continue, putting pressure on pepper prices. Worldwide, pepper output in 2020 is expected to increase from some producing countries. In particular, India's output this year is expected to reach about 61,000 - 62,000 tons, about 30% higher than in 2019. Brazil's output has the advantage of a low production cost model and high productivity. These factors help Brazil pepper to compete well in the global market.
Vietnam's pepper output is forecast to continue to be high in 2020 due to the pepper plantations from 2017 to the harvest period. At the moment, the market still has pepper from previous crop. Many pepper growers and businesses realize that prices have dropped sharply, so they have to keep waiting for prices to rise. At the end of February 2020, the price of black pepper in the Central Highlands provinces reached VND 39,500 / kg, up 2.6% compared to the first half of February 2020, but down 4.8% from the end of January / 2020 and down to 22.5% compared to early 2019./.

Author: T.T

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