Vietnamese cashew nut exports are increasing in many key markets

Since the beginning of the year, Vietnam's cashew nut exports to most of the main markets have increased sharply. It is forecasted that Vietnam's cashew exports will be favorable in the near future due to the increased demand for cashew nuts in Europe and the United States due to cyclical factors. According to statistics from the General Department of Customs, accumulated from the beginning of the year to the end of August 15, 2021, Vietnam's cashew exports reached 348.7 thousand tons, worth 2.14 billion USD, an increase of 21. 5% in volume and 15.6% in value over the same period in 2020. The average export price of Vietnam's cashew nuts reached 6,095 USD/ton, down 6.1% over the same period in 2020. Vietnam's cashew exports to most of the main markets increased. Notably, cashew nut exports to the markets of Russia, Japan, France... increased sharply. According to the Vietnam Trade Office in the UAE (concurrently Qatar), in the first seven months of 2021, Vietnam's cashew exports ...