Analysis

Vietnam Cashew Prices Drop to Lowest Level in 2023, Despite Increased Exports

Published Aug 24, 2023
Wholesale cashew nut prices in Vietnam have dropped to their lowest this year despite rising export demand. Wholesale Cashew kernel prices decreased gradually throughout 2023, falling to USD 3.78/kg in the third week of August. Vietnam's exports show signs of a slow demand recovery, increasing 12% YoY in the first seven months of 2023, but the worldwide excess of cashews, especially from the major producer Western Africa, keeps prices low.

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