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Vietnam: Climate change hits cashew, rubber growers

Sally Furniss

Well-known member
Climate change hits cashew, rubber growers
14/03/2008 -- 4:45 PM
HCM City (VNA) ? Unseasonable rains last weekend have led to great losses in the cashew nut and rubber industries in several southern and Central Highlands provinces, with other sectors reporting losses caused by global climate change.

The southern province of Binh Phuoc tops the country in cashew and rubber growing, with 170,000 ha and 120,000 ha, respectively.

Rains and strong winds last weekend destroyed part of the cashew and rubber farms in the province.

In the past few years, provincial authorities provided bank loans for farmers to plant high yield, quality cashew hybrids to obtain a bigger crop output.

Although agricultural officials said a kilogram of cashew nuts was selling for 15,000 VND, crop failure could cause losses of hundreds of millions of dong to farmers.

Farm owners in southeastern provinces have also invested in fruit trees including mango, longan, and tangerines, with many of these orchards partly damaged by recent rains.

In the Central Highlands provinces of Lam Dong and Dak Nong, wild sunflowers along the roads have wilted as a result of the cold snap in the north in the last two months.

The stunted growth of wild sunflowers has worried farmers because the plant provides a rich supply of fertiliser, keeps the land fertile and is highly resistant to land erosion.

Scientists of the Southern Agricultural Science and Technical Institute in a cooperation programme with Belgium?s Leuven University have encouraged the planting of sunflowers, which requires little cost.

Farmers have spent a great deal of money on fertilisers after crops have failed.

Nguyen Van Sinh, deputy director of Dak Lak Province?s Agricultural Development Department, said local authorities were storing green, manure fertilisers for the upcoming maize crop in lieu of a shortage of fertiliser.

When the agricultural and rural development sector late last year held a seminar on the dangers of global climate change, attendees heard how severe the impact could be in Viet Nam .

The seas could rise and flood large parts of rice fields and threaten tree-growing areas in the southeastern and Central Highlands provinces, they were told.

The province has mapped out a plan to provide funding for farmers to build dykes, upgrade water reservoirs and dredge canals to prevent flooding and land from drying out during a drought.

To cope with natural disasters caused by global climate change, scientists were urged to provide guidelines for farmers to restructure their crops and reschedule crop time to mitigate losses.-Enditem

http://www.vnagency.com.vn/Home/EN/tabid/119/itemid/240340/Default.aspx

 
Expects Vietnam's 2008 cashew harvest to drop 23%

Expects Vietnam's 2008 cashew harvest to drop 23%

<table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr> <td width="92%">Long An Food expects Vietnam's 2008 cashew harvest to drop 23%
</td> <td class="smallbody" align="right" valign="top" width="8%">

</td> </tr> </tbody></table> Long An Food Processing Joint-Stock Company, Vietnam's biggest publicly traded cashew processor and exporter, said it expects the country's harvest to drop 23% this year.

The stock fell for the first time in 10 days.

Vietnam's cashew harvest will decline to 270,000 tonnes this year from 350,000 tonnes in 2007, said Le Huu Phuong, deputy general director in charge of finance at Long An Food.

The stock slipped 500 dong, or 1.9%, to 26,000 dong in Hanoi.

"The country will have a bad harvest due to the weather," Phuong said Wednesday in a telephone interview from Long An, a province in southern Vietnam.

"We have some difficulties, but we foresaw the situation and signed up contracts to buy cashew nuts from African countries."

The company needs to source for cashews to boost its earnings.

The Long An-based company expects pretax profit to rise 14% to 25 billion dong (US$1.6 million) in 2008 from 22 billion dong last year, Phuong said.

http://www.intellasia.net/news/articles/agriculture/111242246.shtml
 
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