In 2020, Vietnam Cashew Price decreased slightly, Export Volume Increased.
Compared to 2019, during the whole year of 2020, the cashew nut price has decreased slightly in Vietnam, but in return, the export volume increases. More specifically, in the year the price of cashew nuts decreased from 5% to 13% sometimes compared to the average cashew export price in 2019, the average export price of cashew nuts in 2020 was estimated at US $ 6,245 / ton. In particular, W320 cashew is the main product in the Vietnam cashew industry, which is being exported with large quantity to USA, Netherlands, Australia, UK, Canada, Turkey … and some other countries. In addition, it is forecasted that Vietnam’s cashew price will decreased slightly in the first quarter of 2021 because Vietnam is at the beginning of the harvest.
According to many recent reports, the cashew crop in Vietnam in 2021 is relatively favorable, which being expected increasing compared to 2020. In Binh Phuoc, the largest region of cashew in Vietnam, Mr. Lu Anh Kiet said: “Because of the good weather in this year, we have started to harvest cashew earlier, from February to March, Binh Phuoc farmers will harvest 30% of their cashew yield and the 70% remaining cashew of the harvest will be harvested from March to April.”
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