Vietnam's cashew export prices at highest level since January 2024

Published 2024년 10월 29일

Tridge summary

In September 2024, Vietnam saw a slight decrease in cashew nut exports volume-wise but an increase in value compared to the previous month and year. The country exported over 57 thousand tons of cashew nuts, earning 372.16 million USD. From January to September 2024, Vietnam's cashew nut exports volume and value significantly increased by 20.1% and 21.7% respectively, reaching 543.5 thousand tons and 3.15 billion USD. The average export price per ton also saw an increase in September 2024. Vietnam's cashew nut export markets varied, with increased exports to the US, Netherlands, UAE, UK, and Canada, but decreased exports to China, Germany, Australia, Saudi Arabia, and Spain. The exports primarily consisted of W320, W240, and W180 cashew nuts, with W320 exports reaching 207.42 thousand tons and valued at 1.27 billion USD in the first nine months of 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the General Department of Customs, in September 2024, Vietnam exported over 57 thousand tons of cashew nuts, worth 372.16 million USD, down 11.6% in volume, but up 8.9% in value compared to August 2024, and up 0.6% in volume and 20.2% in value compared to September 2023. In the first 9 months of 2024, Vietnam exported 543.5 thousand tons of cashew nuts, worth 3.15 billion USD, up 20.1% in volume and 21.7% in value compared to the same period last year. It is forecasted that in the last months of the year, cashew nut exports will increase sharply due to cyclical factors and export prices tend to increase. Source: Calculated from data of the General Department of Customs Price developments: In September 2024, the average export price of Vietnam's cashew nuts reached 6,522 USD/ton, up 3.1% compared to August 2024 and up 19.5% compared to September 2023. In the first 9 months of 2024, the average export price of Vietnam's cashew nuts reached 5,797 USD/ton, down 1.3% ...
Source: Vinacas

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