The average export price of Vietnamese cashew nuts is at a record low, the No. 1 position in the US is shaken

Published 2022년 12월 25일

Tridge summary

Vietnam's cashew nut exports in November 2022 increased by 8.0% in volume and 2.3% in value compared to October 2022, but decreased by 5.4% in volume and 17.5% in value compared to November 2021. The average export price of cashew nuts reached $5,676/ton, down 7.2% compared to October 2022 and down 12.7% compared to November 2021. The exports to most of the main markets decreased, except China and the United Arab Emirates. The US, the largest market, is experiencing a downward trend in imports, shifting supply to Ivory Coast and Nigeria. The European Union (EU) imported 155.31 thousand tons of cashew nuts from the world market, worth 1,027 billion euros, down 3.4% in volume but up 7.4% in value compared to the same period in 2021. Canada's imports of raw cashew nuts decreased, but there was an increase in imported processed cashew products, indicating a decrease in consumption demand due to inflation but a continued preference for Vietnamese cashews due to their quality.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cashew nut exports grew, but prices continued to decline According to statistics from the General Department of Customs, in November 2022, Vietnam's cashew exports reached 47.86 thousand tons, worth USD 271.67 million, an increase 8.0% in volume and 2.3% in value compared to October 2022, down 5.4% in volume and 17.5% in value compared to November 2021. In the first 11 months of 2022, Vietnam's cashew exports reached 472.33 thousand tons, worth 2.81 billion USD, down 11.1% in volume and 15.8% in value over the same period last year. 2021. Price evolution: In November 2022, the average export price of Vietnam's cashew nuts reached $5,676/ton, down 7.2% compared to October 2022 and down 12.7% compared to November/ 2021. In the first 11 months of 2022, the average export price of Vietnam's cashew nuts reached US$5,959/ton, down 5.2% over the same period in 2021. About the market: November 2022 compared to November 2021. , cashew nut exports to most of the main markets decreased, ...
Source: Vinacas

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