Why does France increase cashew nut imports from Vietnam?

Published 2021년 6월 3일

Tridge summary

Brazil's cashew exports in the first quarter of 2021 saw a 26.7% decrease in volume and a slight decrease in average export price. Thailand's exports also declined by 50% in volume. On the other hand, Vietnam's cashew exports increased by 18.3% in the first five months of 2021, despite a decrease in average export price. The article also discusses challenges such as the COVID-19 epidemic, lockdowns in India, and high rainfall in Nigeria affecting the cashew market. Additionally, there's a shift in France's import behavior, with an increase in imports from Vietnam and the Netherlands and a decrease from other sources.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics from the International Trade Center, Brazil's cashew exports in the first quarter of 2021 reached 3,500 tons; down 26.7% in volume over the same period in 2020. The average export price of Brazil's cashew nuts in the first quarter of 2021 reached 6,185 USD/ton; down 0.02% over the same period in 2020. The average export price of Brazil's cashew nuts to most markets decreased, but exports to the US increased by 5.5%, to $7,077/ton. Also according to the International Trade Center, Thailand's cashew exports in the first quarter of 2021 reached over 1,000 tons; down 50% in volume over the same period in 2020. The average export price of Thai cashew nuts to the US market reached 9,202 USD/ton; average export to Switzerland reached 12,965 USD/ton. According to the Import-Export Department (Ministry of Industry and Trade), in the first quarter of 2021, Vietnam's cashew exports are estimated at 108,000 tons; 13.2% increase in volume. However, the average export ...

Source: Danviet