Vietnam's cashew industry expects positive movements in 2024

Although the world economy is weak, inflation is high and national conflicts continue to negatively affect the global cashew industry, Vietnam still expects positive movements in 2024. After a turbulent year on raw material prices, raw material quality as well as the rise of African countries in cashew processing activities, causing the Vietnamese cashew industry to find ways to maintain its export position for many years. . Thanks to that, Vietnamese cashew nuts gradually stabilized, maintaining the market and the cashew industry still expected positive movements in 2024. According to Vietnam Customs statistics, cashew export turnover in 2023 reached 3.63 billion USD , output reached 641,000 tons, an increase of 17% in value, an increase of more than 23% in output compared to 2022. Regarding type structure, Vietnam mainly exports cashew nuts W320, W240, W180, the proportion accounting for 63.51% of the total volume and 69.84% of the country's total export turnover. The growth in ...