Vietnam's cashew exports in August decreased, cashew prices stood still for many months

Published 2021년 9월 16일

Tridge summary

In August, Vietnam's cashew exports saw a decrease in volume but an increase in value compared to the previous month, with a total of 59,900 tons and valued at $369.7 million. From January to August, the exports reached 375,000 tons, valued at $2.3 billion, marking an 18% increase in volume and 15.5% increase in value over the same period last year. The export price in August remained stable, and the average price for the first eight months decreased by 5% compared to the same period in 2020. The Vietnam Cashew Association reported that cashew kernel prices remained unchanged, with some buyers from the US and Europe showing interest in purchases for the first quarter of 2022. There are challenges in sending documents due to a lack of international courier service units. The Russian market is becoming increasingly important for cashew exports, with a 50% increase in volume and a 22% increase in value in the first half of the year compared to the same period in 2020. Vietnam has become the leading supplier of cashew nuts to Russia, accounting for 58% of the total imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Photo: Times Now Cashew exports fell, cashew prices stood still According to the General Department of Customs, cashew exports in August reached nearly 60 thousand tons, worth nearly 370 million USD, down 13% in volume and up 11% in value compared to July. Accumulated in the first 8 months of the year, cashew exports reached 375 thousand tons, equivalent to a value of more than 2.3 billion USD, up 18% in volume and 15.5% in export turnover over the same period in 2020. Cashew export volume and value in the past year (Data: General Department of Customs, Graphic: Hoang Anh) Cashew export price in August reached 6,634 USD/ton, not much change compared to July but increased by 13.5% in the same period of 2020. Generally in the first 8 months of the year, the average export price of cashew nuts reached 6,120 USD/ton, down 5% over the same period last year. Comparison of export prices for 8 months of 2020 and 2021 (Data: General Department of Customs, Unit: USD/ton, Graphic: Hoang Anh) ...
Source: Vinacas

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