An Indonesian nut is flooding into Vietnam at surprisingly low prices even though our country is the world's leading exporter

Vietnam's output is more than twice that of this neighboring country. Illustration According to preliminary statistics of the General Department of Customs, in July 2023, our country's cashew imports reached 363,435 tons with a turnover of more than $392.3 million, up 16.1% in volume and up 11. 6% in value over the previous month. Generally, in the first 7 months of the year, the country's cashew imports reached more than 1.73 million tons with a turnover of 2.11 billion USD, a sharp increase of 26.5% in volume and 6.8% in value compared to the previous year. in the same period last year. The average import price in the first 7 months of the year reached 1,229 USD/ton, down 15.7% over the same period last year. The largest supplier of cashew nuts in Vietnam continues to be Cambodia. In the first 7 months of the year, Vietnam spent more than 802.3 million USD to import 587,160 tons of cashews from this country, down 14.5% in volume and 23.47% in value over the same period last ...