The global production of cashews reached more than 0.738 million tons in 2015. The popularity of the dwarf cashew is due to its profitability since it takes a short time to start fruiting (one year) compared to the traditional cashew tree which takes about three years to start fruiting. However, the most widespread cashew tree is the dwarf cashew which grows to a height of only 20 feet. This gigantic cashew tree covers an area of over 81,000 square feet. A notable exception is the Cashew Tree of Pirangi which is among the largest trees in the world. The traditional cashew tree can grow to reach 46 feet tall. The cashew tree is an evergreen plant having broad leather-textured leaves. Other trees cultivated along with the cashew tree are the tamarind and mango trees which are also well-adapted to suit hot regions. The cashew tree does well in the tropics between the 250 N and 250 S latitudes and is best-suited in regions which experience a long dry season. From India, the tree spread all over Southeast Asia and finally reached West Africa. The Portuguese were responsible for spreading the tree in other regions and introduced the cashew tree to India in the 1550s. The cashew gets its name from the Portuguese term “caju” which is borrowed from the Tupian term “acaju” which translates to “the nut that is self-productive.” The binomial name of the cashew is “Anacardium” which originate from the Greek words “ana” and “kardia” which translate to “above heart” as a reference to the unusual positioning of the seed above the cashew fruit’s core (heart). While the consumption of cashews is popular in many countries around the world, about 6% of the global population is believed to be allergic to cashews which can trigger either mild or life-threatening allergic reactions. Cashew nuts are a favorite food item around the world, and they are packed with proteins, carbohydrates, and dietary fiber. That explained why people were not rich anymore, or had to bankrupt.How Do Cashews Grow? Cashews growing on a tree in a tropical garden.Ĭashews are the nuts produced from the cashew tree. No change in processing principle to be in accordance with each new stage. Each period was proportion with a principle of processing. It took 17 years for the 2 nd period, and only 3 years for the 4 th period. Periods of Viet Nam’s cashew industry became shorter and shorter. Stage 5: what is this? Deep processing?Movements of buyers to Viet Nam? Or movements of Vietnamese companies to Africa (hard to happen because Vietnamese were afraid of risks)? technology and machinery were sold to Africa.Īnyone who could solve the problem of importing raw materials in the VN was the rich.ĥ. Imports of raw materials, with “Binh Phuoc workshop", Vietnamese raw nut was not much enough for production. People who could solve the problem of innovation, equipment and machine technology was the rich At the peak point, when G20 group was established to control prices, and in 2008, foreign buyers came to VIETNAM to claim goods, because all plants cancelled signed contracts to get benefit when prices shot up, we recorded that price of WW320 was from 1.95 usd/lb to 3.3 usd/lb, and VN refused to ship about 500 containers, delayed shipping goods from 3 to 6 months, brokers met difficulties in negotiating with buyers to sign addendums with support prices to get goods.Īt that time, people who could solve the problem of gathering workers to 1 place was rich, and private plants appeared beside State companies.Īpproach technological machines to processing, very small packers appeared that made Binh Phuoc become the largest cashew nut processing factory in the world. At end of this period, range of large plants bankrupted when the price of cashew nuts dropped dramatically with the amount of raw nut inventory was extremely large. People gathered workers to 1 place to process cashew nuts, and way to sale was signing forward contracts. People who could solve the problem of exported cashew process was rich. Only large State Companies who had enough capital could do this.Įstablishment of the handmade cashew nut processing plants. Just collecting raw nut from India including some exporter: Vinalimex, Minhhuy… Stage 1: before 1991 and until Vinacas established.
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