High Prices for Indonesian Raw Cashew Nut Exports to Vietnam in W41

In W41, there have been offer prices for the new crop 2022 of Indonesian raw cashew nuts to Vietnam for an October 2022 delivery, from USD 1.31-1.35/kg (32,000-33,000 VND/kg) for approximately USD 1400/MT. This price level is lower by USD 0.12/kg (3,000 VND/kg) compared to October 2021, but it is still high compared to the average export price of raw cashew nuts. Buyers/factories are expecting the price of raw cashew nuts to drop further to around USD 1,100/MT to buy.