Honesty is quality

Business News

Business News

The US proposes to prioritize vaccines for Vietnamese cashew workers to maintain the supply chain

09/08/2021 332 Viewed

The American Food Industry Association suggested prioritizing the distribution of vaccines to the workforce, agricultural production and food processing workers in Vietnam, especially the cashew industry.

Concerned about the disruption of cashew nut supply from Vietnam, the American Food Industry Association (AFI) has sent a letter asking Prime Minister Pham Minh Chinh to prioritize vaccination for workers in the agricultural industry, in which There is a cashew industry so that there is no disruption in the production and supply of goods.

President of the American Food Industry Association (AFI), Mr. Bob Bauer, said that the association has about 1,000 member companies with the core being US food importers and foreign partners exporting food to the US. America. Some Vietnamese enterprises are members of AFI and many AFI members in the US are importing products from Vietnam.

The US Proposes To Prioritize Vaccines For Vietnamese Cashew Workers To Maintain The Supply Chain

According to AFI, cashew nuts are a particularly important commodity for many members. Therefore, AFI expects the Vietnamese Government to prioritize the distribution of vaccines to laborers and workers in agricultural production and food processing in Vietnam, especially the cashew industry.

“The US market accounts for nearly one-third of Vietnam's total $3.5 billion in annual cashew exports, and keeping supply stable is key to ensuring continued growth. We ask the Government of Vietnam to support the Vietnam Cashew Association (Vinacas) in implementing vaccination and other solutions to help Vietnam retain its leading position in the industry, a position that if lost. , will probably never get it back," according to AFI.

According to the Import-Export Department (Ministry of Industry and Trade), it is estimated that Vietnam's cashew exports in July 2021 will reach 50,000 tons, worth 324 million USD, down 14.9% in volume and 12.3% in value. compared to June 2021. Accumulated in the first 7 months of 2021, cashew nut exports reached 324,000 tons, worth 1.97 billion USD, up 21.4% in volume and 14% in value over the same period in 2020.

It is forecasted that cashew nut exports in the third quarter of 2021 will grow positively thanks to the increased import demand of the US and EU markets following the cyclical factor.

Source: Investment News