VIETNAM: Cashew crisis as world price slump hits Vietnam
Vietnamese cashew processors are paying the price for ignoring warnings about price slumps issued earlier this year. They continued to pay too generously for the unshelled nuts they process and are already feeling the pain as market prices continue to slump. Processors have been paying over VNÐ8,800 (US$0.58) per kilo of unshelled nuts, while experts say Ð8,000 is as high as they can pay if they still hope to break even.
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