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

Cashew Nut Kernel

Vietnam

Published Aug 24, 2023

Tridge summary

Vietnam's cashew imports have increased by 16.1% in volume and 11.6% in value in July 2023 compared to the previous month. In the first 7 months of the year, cashew imports have risen by 26.5% in volume and 6.8% in value. Cambodia remains the largest supplier of cashew nuts to Vietnam, although cashew imports from Indonesia have experienced a sharp increase. Vietnam is also the world's leading exporter of cashew nuts, with exports reaching 334,870 tons in the first 7 months of the year, bringing in over $1.94 billion.

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

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 ...

Source: Vinacas