On-the-Ground Updates

Vietnamese Cashew Nut Buyers Silent Ahead of the Tanzanian 2022/23 Season

Cashew Nut Kernel
Raw Cashew Nut
Tanzania
Vietnam
Market & Price Trends
Linus Ndongwe
Published Sep 28, 2022
Cashew nut buyers from Vietnam are demonstrating silence towards ordering for the upcoming 2022/23 Tanzanian Raw Cashew Nut (RCN) season. Buyers are hoping for low prices this year given the general oversupply in global nut markets which have pushed the kernel prices down. High levels of global inflation has also dampened the demand for nuts in consumer markets. Thus, Vietnamese buyers are cautious of buying more raw materials in fear that prices might drop further or consumer demand might taper off.

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