Beauty

Vietnam Rejects Cashew Export From Nigeria – Business

Vietnam Rejects Cashew Export From Nigeria by TrendingAccount: four:47am
The push by Nigeria to develop her non-oil export suffered an enormous setback when her 37,000 tonnes of cashew exported to Vietnam have been rejected resulting from excessive worth of the commodity.

This was revealed by the Deputy Government Secretary, Federation of Agricultural Commodity Associations of Nigeria (FACAN), Mr. Peter Bakare. He stated the worth volatility was because of lack of conducive enterprise setting.
He stated this made the worth of uncooked cashew from Nigeria to be greater than the worth of completed product within the worldwide markets.

“The banks in Vietnam that often present the loans to their consumers for buy complained that the costs of the completed merchandise are lower than the worth of uncooked supplies.

“The Vietnam monetary establishments, subsequently, backed out of the enterprise, stressing that it isn’t a worthwhile enterprise for its farmers, so the produce are caught in Vietnam now,’’ he stated.

Mr Bakare famous that over 67,000 tonnes of cashew have been additionally nonetheless mendacity within the warehouse in Nigeria. Nevertheless, he stated the Nigerian hibiscus flower, popularly referred to as ‘Zobo,’ adjudged to be among the best on the planet, was in excessive demand internationally.

Some nations are utilizing it as base for his or her wine manufacturing or as drinks, he stated, noting that measures have been being put in place to safeguard the export of the flower to make sure that exporters have been complying with the sanitary and phytosanitary necessities of ‘Zobo’ within the worldwide markets.

He additionally stated that the demand for Nigeria’s Shea butter is excessive within the worldwide market. “It’s estimated that it might generate greater than two billion dollars yearly if nicely harnessed for giant scale manufacturing, Bakare stated.

He stated FECAN because the apex physique for over 45 commodity associations in Nigeria, was doing its greatest to function a one-cease store to hyperlink farmers and the personal sector operators.

SOURCE: https://www.trendingaccounting.com/2019/01/vietnam-rejects-37-000-tonnes-of-cashew.html

1 Like 1 Share

Re: Vietnam Rejects Cashew Export From Nigeria by FreddyKruger: 5:04am

Dangerous information surrounds the lifeless one lately. An Omen of his calibre on the seat of energy will solely translate ailing luck, distress and poverty to nigerians.

eight Likes

Re: Vietnam Rejects Cashew Export From Nigeria by BeiFangLaye(m): 5:10am

With this I guess agriculture would quickly take over

1 Like 1 Share

Re: Vietnam Rejects Cashew Export From Nigeria by MCMXCVIII: 5:10am

Chai!
Even awa personal cashew is struggling racism.
What did it do to Vietnam?!!
Racist!!

four Likes

Re: Vietnam Rejects Cashew Export From Nigeria by BuhariAdvocate: 5:13am

I blame PDP for that.they brought about all of it.

1 Like

Re: Vietnam Rejects Cashew Export From Nigeria by Mcreloaded(m): 6:43am

Earlier than the cashew left Nigeria for Vietnam did the provider and purchaser not negotiate the worth.
That is the primary time in my life I’m listening to that a product is being rejected by a purchaser after being provided as a result of if excessive worth.
Or is it me that didn’t learn the publish properly?

12 Likes 2 Shares

Re: Vietnam Rejects Cashew Export From Nigeria by kross01(m): 6:55am
Mcreloaded:
Earlier than the cashew left Nigeria for Vietnam did the provider and purchaser not negotiate the worth.
That is the primary time in my life I’m listening to that a product is being rejected by a purchaser after being provided as a result of if excessive worth.
Or is it me that didn’t learn the publish nicely?My pricey typically the issues our journalists put on the market for individuals to learn begs the query in the event that they in any respect went to probably the most primary of faculties. How on earth does one export a product with out agreeing monetary phrases earlier than hand? If that they had cited well being inspection as cause, it will have even made some sense perhaps the cashews acquired dangerous in transit however no, they stated its worth like Nigeria took the cashews to go hawk in “international market”. anyway, that is election yr so plenty of silly write ups will all the time flood all over the place

15 Likes 1 Share

Re: Vietnam Rejects Cashew Export From Nigeria by Naughtysite: 7:14am

Cashew can final for years when nicely saved in warehouses

three Likes

Re: Vietnam Rejects Cashew Export From Nigeria by Governordeb: eight:17am
Mcreloaded:
Earlier than the cashew left Nigeria for Vietnam did the provider and purchaser not negotiate the worth.
That is the primary time in my life I’m listening to that a product is being rejected by a purchaser after being provided as a result of if excessive worth.
Or is it me that didn’t learn the submit properly?You’re 100% proper. That was the very same tin i used to be considering. You imply the provider and the customer didn’t conclude on the worth earlier than the product left Naija? Na wa o

four Likes 1 Share

Re: Vietnam Rejects Cashew Export From Nigeria by rusher14: eight:34am

The story does not add up.

Re: Vietnam Rejects Cashew Export From Nigeria by MANNABBQGRILLS: 9:05am
“The banks in Vietnam that often present the loans to their consumers for buy complained that the costs of the completed merchandise are lower than the worth of uncooked supplies.
The Vietnam monetary establishments, subsequently, backed out of the enterprise, stressing that it isn’t a worthwhile enterprise for its farmers, so the produce are caught in Vietnam now,’’ he stated.
We guess the favored enterprise area of interest ‘AGREEMENT IS AGREEMENT doesnt apply in Vietnam!

2 Likes 1 Share

Re: Vietnam Rejects Cashew Export From Nigeria by megrimor(m): 9:05am

Even our cashew is now considered LIFELESS

1 Like

Re: Vietnam Rejects Cashew Export From Nigeria by peter1994(m): 9:05am

They’re making an attempt to Arm-robust us into promoting low cost

Re: Vietnam Rejects Cashew Export From Nigeria by Bizmagnet: 9:05am

Do they actually assume our merchandise have to be cheat to their state? Humorous individuals.
Want an internet site/weblog/software program? Contact mysignature for contacts.

Re: Vietnam Rejects Cashew Export From Nigeria by kollinz1234: 9:06am
That is the worst week for Buhari and APC, I want the week won’t end now gringringrin
Re: Vietnam Rejects Cashew Export From Nigeria by beamtopola: 9:07am

Consider me agric can save us on this nation. The white males will purchase our uncooked agric product course of it and nonetheless deliver it again to this nation however this time he’ll promote it in excessive worth larger than the worth of the uncooked product.

Re: Vietnam Rejects Cashew Export From Nigeria by BornagainThief(m): 9:08am

pretend information

1 Like 1 Share

Re: Vietnam Rejects Cashew Export From Nigeria by wethebest(m): 9:08am

Ehen

Re: Vietnam Rejects Cashew Export From Nigeria by MrImole(m): 9:08am Re: Vietnam Rejects Cashew Export From Nigeria by aishapmbtoto: 9:09am

Every thing concerning the dullard…

1 Like

Re: Vietnam Rejects Cashew Export From Nigeria by noni14(m): 9:10am

make them convey am again make we eat na

Re: Vietnam Rejects Cashew Export From Nigeria by callthefred: 9:10am

The article clearly stated the cashew are nonetheless in warehouses in Nigeria.

Re: Vietnam Rejects Cashew Export From Nigeria by KINGwax007(m): 9:11am
Because of the excessive value.

I inform them, Dem no go hear.

If u know what a tonne of cocoa is from Nigeria, you will nealise that the farmers are pushing it.

Similar.with others aggro export commodities.

They only put a excessive value on it, because the authorities coverage is favouring them simply to turn into wealthy in a single day!

1 Like

Re: Vietnam Rejects Cashew Export From Nigeria by diadem10: 9:12am
Vietnam need to lowball us to promote low cost. Everybodi dey recession, even Canada simply acquired out of it.

How I want Buhari was in energy when crude oil was promoting at 110 dollars, not the 50 dollars we’ve got right now. I will not say God ought to purnish that buffoon referred to as Jonathan.

Re: Vietnam Rejects Cashew Export From Nigeria by Viergeachar: 9:14am
Let’s munch it again house, abeg.

As if we now have even had sufficient… angry

Re: Vietnam Rejects Cashew Export From Nigeria by AfroBlue(m): 9:16am
dem (vietnam) indignant that 9ja has grow to be self-adequate in rice manufacturing. grin
take a bow rice farmers, GEJ and his successor.

i doubt the cashews have been shipped with out the right enterprise export/import letters of credit score.

Re: Vietnam Rejects Cashew Export From Nigeria by 27Pushing30: 9:17am
kross01:

My pricey typically the issues our journalists put on the market for individuals to learn begs the query in the event that they in any respect went to probably the most primary of faculties. How on earth does one export a product with out agreeing monetary phrases earlier than hand? If that they had cited well being inspection as cause, it will have even made some sense perhaps the cashews obtained dangerous in transit however no, they stated its worth like Nigeria took the cashews to go hawk in “international market”. anyway, that is election yr so a whole lot of silly write ups will all the time flood in all places

I simply learn am dey chuckle

Re: Vietnam Rejects Cashew Export From Nigeria by obonujoker(m): 9:19am

Huh…buh Buhari has integrity… Yoruba Muslim

Re: Vietnam Rejects Cashew Export From Nigeria by ossaisly(m): 9:19am
sad

(1) (Reply)

Childrens Celebration Planners – Mickey And Minnie Mouse Mascot Costume four Sale / Setting Up A Tutorial Middle In Lagos -submit Your Concepts / M-naira Is Taking Banking To The Streets In Nigeria – John Enoh,ceo E-gentle

Viewing this matter: leriment, surrogatesng, AGNESikpuNNU(f), d313, 1x2x3, ahukannakate, martowskin1(m), enzony(m), sunnedee2, unearthed(m), IAMBlesssed(f), Sirheny007(m), Ebirra, Teenaba(f), OCHERAY(m), fatytoy333(m), nomenclature(m), Harzzie(m), tempex88(m), jajad, Alleyway(m), heskeyw(m), Abdul9025(m), bknight, Imranland, stone316, Karatum(f), jerryadigun, Deleayoone, AfroBlue(m), gambus007(m), CandidSeeker(m), Mmlanrehh(m), zealguy04, lazybones007, Leon90(m), Kennodili(m), wesley80(m), Stmacaria123, Magasam, 1231awa(m), olumidetobi, olalekan1(m), Milesjohn, aewhydot, frank41(m), philcz(m), ugo41babe(m), alcovex, Frankwest77(m), snrman(m), iibarrYY, OKWUPAY, Fashionable247, maak400, Naajjii, Godsent12(m), omotee123, lelvin(m), eclecticbaron, kehinde1588(m), Joromi12, gideon1971(m), wura2020, sammyuche(m), adisa786, Donjazzy12(m), Cowmilk(m), AngelicBeing, MOVIC6, kid7soccer(m), Raheem2386, Waper2(m), Olutala(m), adeleyeolusoji, obonujoker(m), Gaspardd(m), chrisbaxtian(m), joe4christ(m), Dotng, goryorhal(m), steph0(f), queven, kolara, diadem10, wizemoney(m), GabrielYulaw(m), beejay247, Birichie(m), kennetol(m), hadura29(m), mchiave, Richborn94(m), ossaisly(m), emmyz20(m), umarsule885(m), Tope2580(m), Twakor, production4u, LeeKuanYew, ndlife, Donpenny(m), khendytoyn, Pentagon56, juliusocean(m), Earthbound(m), benboss665 and 110 visitor(s)

(Go Up)