The Price Of Vietnam Local Raw Cashew Nuts Still In High
Due to High Price of Vietnam’s local raw cashew nut (RCN), and the volume of Vietnam cashew kernels in export has increased sharply, so Vietnam cashew nuts factories need to import raw cashew nuts (RCN) for processing is greater. The estimated volume of imported raw cashew nut (RCN) in February/2021 reached 130,000 tons with a value of $ 186 million, up 2.5 times in volume and 2.2 times in value compared to January/2021. Tanzania, Côte d’Ivoire, and Indonesia are the three main raw cashew nut imports for Vietnam cashew in January. The value of raw cashew nuts imported from Tanzania and Côte d’Ivoire in January all increased compared to the same period of 2020.
Cashew Market Report from Vietnam MARD
Vietnam MARD (Ministry of Agriculture and Rural Development) — According to statistics, the volume of Vietnam cashew nuts exported in February is estimated at 30,000 tons, worth $ 174 million, bringing the total export volume of the first 2 months of 2021 and the value of 75,000 tons 442 million, up 46.1% in volume and 21.5% in value compared to the same period in 2020. In particular, the average export price of cashew nuts to the Israel market increased sharply. In contrast, the average export price of cashew nuts to many markets decreased such as Egypt, France,…
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