Report on Vietnam's cashew nut industry in November 2020: Exports increase to Canada

Published 2020년 12월 7일

Tridge summary

In November 2020, the export price of cashew nuts in India experienced fluctuations, with some grades decreasing and others increasing compared to the previous month. Despite a decrease in Brazil's cashew exports to the United States, exports to other markets saw a significant increase, resulting in a total export of 50 thousand tons in November, valued at $ 310 million. This represents a 22.1% increase in volume and a 6.6% increase in value compared to November 2019. Canadian imports of cashew nuts from Vietnam in the first nine months of 2020 reached 7.35 thousand tons, valued at 53 million USD, with Vietnam's market share of cashew nuts in total Canadian imports increasing to 76.5% in 2020. Additionally, the report highlights a sharp increase in black pepper prices in India and a significant rise in the share of Vietnamese pepper in total German imports in November 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In November 2020, the price of cashew nuts exported in India fluctuated inconsistently, the price in Vietnam increased compared to October 2020. At Tuticorin port of India, the price of exported cashew W240 decreased by 1.9%. compared with October 2020, down to 3,925 USD / lb; type W320 decreased 2.1%, to 3,525 USD / lb; in contrast, the prices of cashew nuts of W450 and SW30 grades increased by 0.8% and 3.4%, respectively, to $ 3,175 / lb and $ 3.0 / lb. In the 10 months of 2020, Brazil's cashew exports to the United States The period decreased, but exports to other markets increased sharply, such as Germany, Italy, Argentina, Australia. According to the estimate, the export of cashew nuts in November 2020 reached 50 thousand tons, worth $ 310 million, down 5, 7% in volume and 2.4% in value compared to October 2020, but up 22.1% in volume and 6.6% in value compared to November 2019. For the first 11 months of 2020, the export of cashew nuts was estimated at 468 thousand tons, ...
Source: Cungcau

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