Cashews Nut Traders Face The Challenge With The Low Harvest Volume

The cashew nut harvest is now about halfway through in the northern Hemisphere growing countries. According to traders, the harvest volume in Vietnam and Cambodia have fallen than the expectations; the losses in these two countries are smaller than India and West Africa.
Vietnam's exports were down in Q1 2022 compared to Q1 2021, the first time this has happened in several years. The local source believes that this is partly because buyers had stocked up sufficiently in the last two quarters of 2021, and partly because processing was lower due to low cashew kernel prices in early 2022. In addition, logistical challenges, pandemic related labour shortages, congested ports and high freight costs are deterring exporters and buyers.