A cheap nut from Ivory Coast is landing in Vietnam even though it is the world's top exporter, with output in 7 months equal to the whole of 2022 combined

Cashew Nut Kernel

Vietnam

Published Sep 7, 2023

Tridge summary

Vietnam's cashew imports in July 2023 increased in volume by 16.1% and in value by 11.6% compared to June 2023. Overall, cashew imports in the first 7 months of the year significantly rose by 26.5% in volume and 6.8% in value compared to the same period in 2022. The average import price of cashews in Vietnam during this time frame decreased by 15% compared to 2022.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Import prices of this product have decreased sharply in the first 7 months of the year. Illustration According to preliminary statistics of the General Department of Customs, Vietnam's cashew imports in July 2023 reached 363,435 tons with a turnover of more than US$392.36 million, up 16.1% in volume and up 11.6 % in value compared to June 2023. Generally in the first 7 months of the year, Vietnam imported more than 1.72 million tons of cashew nuts with a turnover of more than 2.11 billion USD, a sharp increase of 26.5% in volume and 6.8% increase over the same period in 2022. The average import price in the first 7 months of the year reached 1,230 USD/ton, down 15% compared to the same period in 2022. Among the cashew suppliers to Vietnam, Cambodia is the Vietnamese country that imports the most cashew nuts with 587,160 tons in the first 7 months of the year, with a turnover of more than 802.3 million USD, down 14% in volume and down. 23% in value over the same period in 2022. ...

Source: Vinacas