Vietnam's cashew export price rises by nearly 20%, and the price increase trend may continue

According to data from the General Department of Vietnam Customs, Vietnam exported more than 57,000 tons of cashew nuts in September, with a value of US$372.16 million. The export volume decreased by 11.6%, but the export value increased by 8.9% compared with August. Compared with September 2023, the export volume increased by 0.6% and the export value increased by 20.2%. Overall, in the first nine months of this year, Vietnam's cashew exports reached 5.435 million tons, with an export value of US$3.15 billion. Compared with the same period last year, the export volume increased by 20.1% and the export value increased by 21.7%. It is expected that in the last few months of this year, cashew exports will increase significantly due to cyclical factors, and export prices will also maintain an upward trend. Compared with the same period last year, Vietnam's cashew exports to the United States, the Netherlands, the United Arab Emirates, the United Kingdom and Canada increased in ...