Vietnam buys 99% of these seeds from Cambodia, processes and exports them to US and China

Published 2021년 10월 7일

Tridge summary

Vietnam's cashew exports in September 2021 increased to 50,000 tons, worth $340 million, up 6.2% in volume and 8.8% in value compared to August 2021. The average export price of cashew nuts in September 2021 was USD 6,800/ton. In the first nine months of 2021, Vietnam's cashew exports are estimated at 425,000 tons, worth 2.65 billion USD. The US is currently Vietnam's largest cashew export market. Due to the Covid-19 epidemic, Vietnam had to apply strict social distancing measures, leading to increased competition and high freight rates, impacting cashew exports to the US. Despite these challenges, the Vietnam Cashew Association forecasts that Vietnam's cashew exports will increase in the near future. However, raw cashew imports have also increased dramatically, with the majority imported from Cambodia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the context of complicated developments of the Covid-19 epidemic, the good news is that cashew exports in September 2021 still increased. According to the General Department of Customs, Vietnam's cashew exports in September 2021 reached 50,000 tons, worth $340 million, up 6.2% in volume and 8.8% in value compared to August. 2021. It is estimated that the average export price of Vietnam's cashew nuts in September 2021 will reach USD 6,800/ton, up 2.5% compared to August 2021 and up 14.1% compared to September 2020. In the first nine months of 2021, Vietnam's cashew exports are estimated at 425,000 tons, worth 2.65 billion USD, up 16.6% in volume and 14.9% in value over the same period in 2020. . Notably, according to the Import and Export Department (Ministry of Industry and Trade), compared to the same period in 2020, the export of many types of cashew nuts increased in both volume and value. The US is currently Vietnam's largest cashew export market, followed by China and the ...
Source: Danviet

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