News

Vietnam: Cashew export growth is high but has not yet regained the record mark

Cashew Nut Kernel
Vietnam
Market & Price Trends
Published Jan 19, 2024

Tridge summary

Vietnam is the top exporter of processed cashew kernels, with plans to export 644 thousand tons in 2023, earning 3.6 billion USD. The US is the main market for Vietnamese cashew exports, followed by China and the Netherlands. Despite a decrease in cashew export prices in 2023, the Vietnam Cashew Association is optimistic about continued high growth in cashew exports in 2024, driven by the global trend of favoring vegan and plant-based diets.
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

Source: baomoi.com Vietnam has held the number 1 position in the world in exporting processed cashew kernels for 17 consecutive years. According to data from the General Department of Customs, in 2023, Vietnam will export 644 thousand tons of cashew kernels, earning 3.6 billion USD, an increase of 24% in volume and an increase of 18% in turnover compared to 2022. AMERICA IS THE MARKET NUMBER 1 SCHOOL OF CASHEW EXPORTED FROM VIETNAM Previously, in early 2023, the Ministry of Agriculture and Rural Development assigned the cashew industry an export turnover target of 3.8 billion USD, however, due to the difficult developments of the market, In the first half of 2023, the cashew industry has proposed to lower the target to 3.05 billion USD. In 2023, cashew exports to some major markets such as the US, China, and the Netherlands will record high growth. Of which, cashew exports to the US reached 885 million USD, an increase of 5% compared to 2022 and accounting for nearly 25% of the ...
Source: AgroInfo.vn

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