News from global cashew and walnut markets

CASHEW NUTS The cashew market is going through a phase of strong tension. From early April to mid-June, the European kernel price of W320 Vietnam increased by 74%, reaching the highest since August 2018, at over $9,600/t. Subsequently, a downward correction of 19% brought prices back below $8,000/t, which still remain 42% higher than the historic lows reached in April 2024. According to Areté's analyses, the marked upward trend it is attributable to a limited 2024 supply from the northern hemisphere, in a scenario of sustained demand. In Côte d'Ivoire, the main global producer, the harvest fell by 14% to 1.1 million tonnes, leading the government to suspend exports of raw material from the country from May to guarantee supplies to local processors. In Vietnam, the main processor and exporter of kernels, production, estimated to fall by 20% to 320,000 t, is fueling the country's import needs, necessary to satisfy foreign demand for kernels which, from the beginning of the year to ...