Cashew/rice proposalThis article was originally published in Foodnews
THE Vietnam Cashew Association (Vinacas) has put forward a scheme to the Vietnamese government to exchange 100 000 tonnes of rice for 100 000 tonnes of raw cashew nuts each year with African countries, said a representative at a Vinacas congress on 15 May. The exchange programme will benefit Vietnam and African countries such as the Ivory Coast, Guinea Bissau and Mozam-bique, he added. At the meeting, Vinacas said the association had encouraged members to build cashew nut plantations and use new seeding methods and technology in order to underwrite market prices. Plans to create cashew nut plantations in Cambodia were also put forward as another way to reduce costs. Vinacas will strive to achieve a US$1.0 billion export turnover and increase processing of high value-added products by 2-3%.