Cashew Nuts Price Slightly Increased MoM in AU, an Indication of a Looming Shortage ahead

Cashew nuts price in Australia medium and large size has increased 2% MoM to USD 14.75/kg and USD 15.49/kg, respectively in W2 Apr-22. The exporter of Australian cashew nuts is Vietnam experienced unfavorable weather that decreased its output. Less supply of the Vietnamese cashew nut to the importing market, such as Australia led the price to increase in April 2022.