The African Cashew Alliance (ACA) has expressed concerns over the global cashew market's volatility, which has led to a significant price fluctuation for cashew kernels, reaching US$3.80/lb before falling to US$3.25/lb. This uncertainty has resulted in buyers postponing purchases and renegotiating contracts, potentially leading to a decrease in demand later in the year. The ACA has also noted that the 2024 cashew crop in Ghana is expected to be 25-30 percent lower than the previous year due to adverse weather conditions. The article suggests that the initial rise in prices was due to unrealistically low RCN prices in relation to kernel prices and rumors of crop failures, although the true cause was a decrease in production in Vietnam and possibly other countries.