The raw cashew crop of 2016

Thursday, 03/11/2016, 09:12 GMT+7

The raw cashew crop of 2016

The raw cashew crop of 2016

The raw cashew crop of 2016 has closed. It is time for us, the leaders and all staffs of Quang Thien Imex S.A, look back and summarize what has been done. 

The raw cashew crop of 2016 has closed. It is time for us, the leaders and all staffs of Quang Thien Imex S.A, look back and summarize what has been done. 

We faced with many unexpected factors from exterior. Firstly, the late start of cashew at the beginning of the season, high humidity, lacking of the product, stock holding at farmers and big corporation’s level created a big challenge for us in buying local goods and performing signed contracts, as well as implementing timely delivery. Secondly, Unstable international prices versus local prices challenged our business on the edge of loss. Our purchasing department, with all the efforts, has achieved in buying the required quantity. However, with the increase strongly of the local price from 375 FCFA to 700 FCFA affected our business target. In order to ensure over 9,000MT signed at the beginning of the season at the price ranging from USD 1450 to USD 1530, QuangThien Imex had to accept the break even and even loss to ensure enough quantity for signed contracts, without asking for price support from customers, and to provide the right quality as specified in the purchase contract. All is for our company’s reputation and creditability as declared in our slogan “Do not delivery of bad quality, Do not default the contract when market price increasing”. 

Despite all the above challenges, we, Quang Thien Imex’s leaders would like to extend our profound gratitude for the co-operation and support of all faithful customers, as well as new customers, in order to achieve over 18,000MT as planned. Your continuous support is highly appreciated. For local purchase, we ensure to work closely with our partners to find best solutions to minimize problems happened this year, maybe will happen in the crop of 2017 to ensure supplying QTi's clients with highest product's quality. 


Written : admin

Search date :