News

Cashew businesses in Vietnam face new competitive pressure

Published Apr 11, 2023

Tridge summary

Although cashew exports in the first quarter of 2023 grew by double digits, cashew businesses are facing new competitive pressure. Cashew businesses and farmers have not "shaken hands" to link Why does the cashew industry only aim to export $3.1 billion in 2023?

Original content

According to the Import-Export Department (Ministry of Industry and Trade), citing data from the General Department of Customs, it is estimated that Vietnam's cashew exports in March 2023 will reach 60,000 tons, worth 355 million USD, up 75% in terms of value. volume and 79.5% increase in value compared to February 2023, 50.4% increase in volume and 48.6% increase in value compared to March 2022. In the first quarter of 2023, Vietnam's cashew exports were estimated at 122 thousand tons, worth 708 million USD, up 16.6% in volume and 14.2% in value over the same period in 2022. In March 2023, the average export price of Vietnam's cashew nuts was estimated at 5,913 USD/ton, up 2.6% compared to February 2023, but down 1.2% compared to March 2022. Generally in the first quarter of 2023, the average export price of cashew nuts in our country is estimated at 5,826 USD/ton, down 2.1% compared to the same period in 2022. In the first quarter of 2023, most of the varieties were exported. ...
Source: Vinanet
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