Vietnam's cashew nut exports to China soared by more than 70% and quality issues caused concern

Data from the Import and Export Department of the Ministry of Industry and Trade of Vietnam show that Vietnam exported 64,320 tons of cashew nuts in October, with a value of more than 358 million U.S. dollars; the export volume increased by 47.7% year-on-year, and the export value increased by 37.1% year-on-year. In the first 10 months of 2023, Vietnam A total of 516,870 tons of cashew nuts have been exported, a year-on-year increase of 21.8%; the export value is expected to reach US$2.95 billion, a year-on-year increase of 15.9%. Data from the Vietnam Cashew Association (Vinacas) shows that Vietnam’s cashew nut exports to China in September were US$9 million, an increase of 73.2% from September 2022, which enabled China to surpass the United States as the largest buyer of Vietnamese cashew nuts in that month. 2023 In the first nine months, Vietnam's cashew nut exports to the Chinese market increased by 42.3%, with an export value of US$433.8 million, second only to the export ...